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MarketFX

USD/CNH Went Down By Over 2% In The Last 21 Sessions

ViaNews Editorial Team

November 27, 2023

USD/CNH Went Down By Over 2% In The Last 21 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 2.38% for the last 21 sessions. At 23:09 EST on Sunday, 26 November, USD/CNH (USDCNH) is $7.15.

USD/CNH's yearly highs and lows, it's 0% down from its 52-week low and 0.008% down from its 52-week high.

News about

  • According to FXStreet on Friday, 24 November, "The Euro maintainsits bullishmomentum against the US Dollar, prompting EUR/USD to build on Thursday's gains just beyond 1.0900at the end of the week.", "Further north, EUR/USD may encounter resistance at the August top of 1.1064 (August 10) and another weekly peak of 1.1149 (July 27), both preceding the 2023 high of 1.1275 (July 18)."
  • Eur/usd to stabilise around 1.0900 – ING. According to FXStreet on Friday, 24 November, "However, economists at ING do not expect EUR/USD to enjoy further gains for the time being.", "The last time it was trading around these levels, EUR/USD was in the 1.03/1.04 area. "
  • Eur/usd: growth outlook in the eurozone does not point to much upside scope – MUFG. According to FXStreet on Friday, 24 November, "We have been keen to stress that while the window for Dollar appreciation back to the highs set in October and/or beyond may now have closed, the growth outlook in the Eurozone does not point to much upside scope for EUR/USD either."
  • Eur/usd price analysis: moves below 1.0900, next support at nine-day EMA. According to FXStreet on Friday, 24 November, "A decisive break below the support region could push the EUR/USD pair to navigate the psychological level at 1.0800.", "A breakthrough above the latter could support the bulls of the EUR/USD pair to navigate the resistance area around the 1.1000 psychological level."
  • Eur/usd catches a Friday bid, looking to climb over 1.0950. According to FXStreet on Friday, 24 November, "The EUR/USD is trading into the 1.0950 level as the trading week winds up and markets are set for an early volume drop-off with US money markets shuttering early for the weekend. ", "The Euro is grinding higher against the US Dollar heading into Friday's market close, with the EUR/USD pushing towards 1.0950, but the pair still remains below the week's peak at 1.0965."

More news about USD/CNH (USDCNH).

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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.