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

(VIANEWS) – USD/CNH (USDCNH) has been up by 2.54% for the last 21 sessions. At 06:10 EST on Friday, 15 December, USD/CNH (USDCNH) is $7.13.

USD/CNH’s yearly highs and lows, it’s 0.184% up from its 52-week low and 0.028% down from its 52-week high.

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  • According to FXStreet on Wednesday, 13 December, "The outlook, in turn, will play a key role in influencing the USD price dynamics and provide some meaningful impetus to the USD/JPY pair. ", "A convincing break below will be seen as a fresh trigger for bearish traders and drag the USD/JPY pair further towards the 50% Fibo. "
  • Usd/jpy analysis: eyes turn cautiously to the federal reserve's decisions – 13 December 2023. According to DailyForex on Wednesday, 13 December, "Since the start of trading this week, the price of the USD/JPY has been trying to rebound higher. ", "Thus, that’s indicating that the USD/JPY may be among the most volatile pairs after the Fed announced its decision."
  • According to FXStreet on Thursday, 14 December, "Some follow-through selling below the 141.00 mark has the potential to drag the USD/JPY pair further towards the 140.40 intermediate support en route to the 140.00 psychological mark. ", "Apart from this, the post-FOMC selling around the Greenback, which remains unabated, drags the USD/JPY pair to the 141.15 region in the last hour. "
  • Usd/jpy drops post fed decision, as US dollar and US yields plummet. According to FXStreet on Thursday, 14 December, "The USD/JPY edges down following Wednesday’s Federal Reserve’s (Fed) decision, which sent US Treasury yields plummeting alongside the Greenback. ", "Another factor that’s influencing the USD/JPY pair is the plunge of the 10-year benchmark note rate, closely correlated with the major. "
  • According to FXStreet on Thursday, 14 December, "The global inflation shock is reversing and that has the greatest implications for JPY with even a partial reversal of the move in USD/JPY from 115.00 to 150.00 implying considerable scope to outperform."

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