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MarketFX

USD/CNH Went Down By Over 1% In The Last 21 Sessions

ViaNews Editorial Team

August 14, 2024

USD/CNH Went Down By Over 1% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.88% for the last 21 sessions. At 07:11 EST on Wednesday, 14 August, USD/CNH (USDCNH) is $7.14.

USD/CNH's yearly highs and lows, it's 0.014% up from its 52-week low and 0.25% down from its 52-week high.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH's Forex is considered to be overbought (>=80).

News about

  • Usd/jpy trims part of modest gains amid geopolitical risks, up a little around 146.75-80 area. According to FXStreet on Monday, 12 August, "This, in turn, contributes to keeping a lid on the USD/JPY pair amid relatively thin liquidity on the back of a holiday in Japan and absent relevant market-moving economic data.", "The USD/JPY pair attracts some dip-buyers on the first day of a new week, albeit struggles to find acceptance above the 147.00 mark and capitalize on the move up. "
  • Usd/jpy price forecast: rises, yet struggles at 148.00. According to FXStreet on Monday, 12 August, "The USD/JPY is downward biased despite the uptick that saw the pair clear the 148.00 figure and hit a six-day high at 148.22 before reversing its course and tumbling below the Tenkan-Sen at 147.79.", "The Japanese Yen fails to gain traction late in the North American session versus the Greenback as the USD/JPY rises from last Friday's daily low of 146.62 and trades at 147.28, up by 0.47%."
  • Usd/jpy trades with mild losses near 147.00 ahead of US PPI data. According to FXStreet on Tuesday, 13 August, "The USD/JPY pair weakens to near 147.10 during the early Asian session on Tuesday. "
  • According to FXStreet on Monday, 12 August, "A broad-base recovery in the Yen helped to drag USD/JPY down from multi-decade highs, sending the pair plunging below the 200-day Exponential Moving Average (EMA) at 151.84. "
  • According to FXStreet on Monday, 12 August, "Further depreciation of the Japanese yen prompted USD/JPY to gather fresh impulse and surpass the 148.00 hurdle, although the pair faded a big chunk of that move towards the end of the day. "

More news about USD/CNH (USDCNH).

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MarketFX

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ForexForeign Exchange MarketCurrenciesUSDCNHUSD/CNHPrice DownFOREX Price DownForex Now
ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.