(VIANEWS) – USD/CNH (USDCNH) has been up by 1.9% for the last 21 sessions. At 23:16 EST on Thursday, 29 August, USD/CNH (USDCNH) is $7.09.
USD/CNH’s yearly highs and lows, it’s 0.069% up from its 52-week low and 0.134% 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
- According to FXStreet on Wednesday, 28 August, "That could argue for EUR/USD above 1.12but the softer risk environment is favouring some profit-taking, and there may be some speculation that some rewidening in that rate differential is due.", "The EUR/USD drop this morning appears largely USD-driven, although admittedly the euro does look on less stable ground when considering the room for European Central Bankdovish repricing compared to the Fed’s, ING’s FX strategist Francesco Pesole notes."
- According to FXStreet on Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don’t see EUR/USD trading much higher than 1.12 in the coming months. "
- Eur/usd price forecast: bounces-off key support near 1.1110 ahead of German/ US data. According to FXStreet on Thursday, 29 August, "From a short-term technical perspective, the EUR/USD uptrend remains intact so long as the 1.1107 support holds. "
- According to FXStreet on Thursday, 29 August, "We see a scenario where 1.1080/1100 does hold before EUR/USD moves higher still. "
- Eur/usd corrects below 1.1100 as soft Spain inflation boosts ECB rate-cut bets. According to FXStreet on Thursday, 29 August, "(The story was corrected at 10:25 GMT to say in the first paragraph that " EUR/USD faces a sharp sell-off, sliding below the round-level support of 1.1100 in Thursday’s European session not 1.100)"
More news about USD/CNH (USDCNH).
