(VIANEWS) – USD/CNH (USDCNH) is currently on bullish momentum. At 09:06 EST on Monday, 1 August, USD/CNH (USDCNH) is at 6.7799, 0.5323% up since the last session’s close.

USD/CNH (USDCNH) Range

About USD/CNH’s daily highs and lows, it’s 0.585% up from its trailing 24 hours low of $6.74 and 0.446% up from its trailing 24 hours high of $6.75.

USD/CNH’s yearly highs and lows, it’s 0.607% up from its 52-week low and 0.032% down from its 52-week high.

News about USD/JPY

  • Usd/jpy struggles near one-and-half-month low, defends 132.00 mark for now. According to FXStreet on Monday, 1 August, "The US dollar languished near its lowest level since July 5 and turns out to be a key factor exerting some downward pressure on the USD/JPY pair. ", "On the other hand, a combination of factors is seen boosting demand for the Japanese yen and also contributingto the USD/JPY pair’s downfall. "
  • According to FXStreet on Saturday, 30 July, "Recession fears and the accompanying drop in US yields has triggered an abrupt correction lower for USD/JPY over the last couple of days with the pair falling by around 5 big figures as it moves further below last month’s year to date high of 139.39. ", "One exception is USD/JPY where we are more confident that the USD could have already peaked against the JPY."
  • Usd/jpy price analysis: bounces off six-week low towards 133.00 but stays on bear’s radar. According to FXStreet on Monday, 1 August, "However, the previous support line from June 06 and the 200-SMA, respectively near 135.45 and 136.20, could challenge the USD/JPY buyers afterward.", "Overall, USD/JPY remains bearish but a short-term corrective pullback can’t be ruled out."
  • According to DailyForex on Monday, 1 August, "Trade USD/JPY now!US stock markets rose last week despite the emergence of data showing that US GDP had contracted for two consecutive quarters, the traditional technical measure of a recession. "

More news about USD/CNH (USDCNH).

LEAVE A REPLY

Please enter your comment!
Please enter your name here