(VIANEWS) – USD/CNH (USDCNH) is currently on bearish momentum. At 17:09 EST on Tuesday, 17 May, USD/CNH (USDCNH) is at 6.7423, 0.777% down since the last session’s close.

USD/CNH (USDCNH) Range

Concerning USD/CNH’s daily highs and lows, it’s 0.694% down from its trailing 24 hours low of $6.79 and 0.841% down from its trailing 24 hours high of $6.80.

USD/CNH’s yearly highs and lows, it’s 0.315% up from its 52-week low and 0.841% down from its 52-week high.

Last news about USD/CNH (USDCNH)

  • Usd/cnh eyes 6.8200 on downbeat China retail sales, fed's powell in focus. According to FXStreet on Monday, 16 May, "The USD/CNH pair is juggling in a minor range of 6.8020-6.8120 after a firmer rebound in the Asian session. "

News about EUR/USD

  • Eur/usd: clear break of the 2017 low at 1.0341 to make parity a realistic target – rabobank. According to FXStreet on Monday, 16 May, "Economists at Rabobank see risk of EUR/USD at 1.03 on a one-month and three-month view. ", "We recently revised higher our forecast for the USD across the board and lowered our one and three-month targets for EUR/USD to 1.03."
  • According to FXStreet on Monday, 16 May, "The EUR/USD pair edged slightly lower from the session highs on this report and was last seen trading at 1.0420, where it was up 0.1% on a daily basis."
  • Eur/usd set to reach parity in the coming months – danske bank. According to FXStreet on Monday, 16 May, "The large negative terms-of-trade shock to Europe vs the US, a further cyclical weakening among trading partners, the coordinated tightening of global financial conditions, broadening USD strength (currently, vs Asia) and downside risk to the euro area makes us revise our EUR/USD forecast lower.", "Economists at Danske Bank lower their current forecast on EUR/USD to 1.00 in 12M."
  • According to FXStreet on Monday, 16 May, "Despite these hawkish comments, the EUR/USD pair continues to trade in a relatively tight range near 1.0400 in the early European session."
  • Eur/usd forex signal: euro heads to a 20-year low – 16 May 2022. According to DailyForex on Monday, 16 May, "The EUR/USD made a major bearish breakout last week as investors focused on the weakening of the European economy and the overall bullish US dollar. ", "The other key data that will have an impact on the EUR/USD pair will be the American retail sales numbers that will come on Tuesday.EUR/USD forecast"

More news about USD/CNH (USDCNH).

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