(VIANEWS) - USD/CNH (USDCNH) has been up by 5.19% for the last 21 sessions. At 18:08 EST on Monday, 6 February, USD/CNH (USDCNH) is $6.80.
USD/CNH's yearly highs and lows, it's 0.021% up from its 52-week low and 0.025% down from its 52-week high.
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- Eur/usd forex signal: room for more downside - 06 February 2023. According to DailyForex on Monday, 6 February, "The EUR/USD price came under intense pressure after an extremely busy week that saw the Federal Reserve and the European Central Bank (ECB) make their first decisions of the year. ", "The EUR/USD pair made a bearish breakout on Friday and moved below the 38.2% Fibonacci Retracement level. "
- Eur/usd dives beneath 1.0750 to 4-week lows around 1.0720s. According to FXStreet on Monday, 6 February, "The EUR/USD extended its fall to new four-week lows at around 1.0720s due to broad US Dollar (USD) strength after last Friday's data reaffirmed the need for higher interest rates in the United States. ", "After last Friday's US NFP report, the EUR/USD broke crucial support at the 100-day Exponential Moving Average (EMA) at 1.0850. "
- According to FXStreet on Monday, 6 February, "Assuming that the China reopening story continues to evolve positively, we think this confluence of factors can drive EUR/USD steadily higher throughout 2023. ", "Sustained EUR/USD gains beyond 1.15 may be harder to achieve in the second half - especially if US debt ceiling negotiations are pushed to the limit."
- Two key prerequisites for substantial progress above 1.10 in eur/usd and 1.25 in gbp/usd – BMO. According to FXStreet on Monday, 6 February, "Economists at the bank of Montreal point out prerequisites needed to lift EUR/USD and GBP/USD above 1.10 and 1.25, respectively.", "Progress in the Ukraine war, limited disappointment in energy prices, and smooth global trade ('Goldilocks') may also be prerequisites for substantial progress above 1.10 in EUR/USD and 1.25 in GBP/USD."
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