(VIANEWS) – USD/CNH (USDCNH) is currently on bearish momentum. At 17:06 EST on Thursday, 2 December, USD/CNH (USDCNH) is at 6.3704, 43732.88% down since the last session’s close.
USD/CNH (USDCNH) Range
Regarding USD/CNH’s daily highs and lows, it’s 0.064% up from its trailing 7 days low of $6.37 and 0.576% down from its trailing 7 days high of $6.41.
USD/CNH’s yearly highs and lows, it’s 0.115% up from its 52-week low and 0.111% down from its 52-week high.
News about USD/JPY
- Usd/jpy grinds higher towards 114.00 as yields recover on coronavirus talks. According to FXStreet on Tuesday, 30 November, "Additionally, news that the US global military posture highlighted the need to work with allies and partners to beef up deterrence against potential Chinese aggression and North Korean threats, per Kyodo News, adds to the US dollar’s safe-haven demand and favor USD/JPY buyers.", "It’s worth noting that Japan’s banning of international flights from South Africa and surrounding countries join US President Joe Biden’s cautious optimism to favor the USD/JPY buyers. "
- Usd/jpy price analysis: 50-dma defends buyers above 113.00. According to FXStreet on Monday, 29 November, "Even if the USD/JPY sellers break 113.15 DMA support, the resistance-turned-support line from March 2021, close to 112.80, will precede September’s peak of 112.00 to challenge the pair’s further weakness.", "Alternatively, a clear upside break of the immediate resistance line, previous support around 114.10, will direct USD/JPY bulls towards the last month’s high surrounding 114.70."
- Usd/jpy tracks yields to rebound towards 114.00 amid Covid-19 variant woes. According to FXStreet on Monday, 29 November, "A daily closing beyond the support-turned-resistance from early October, around 113.75 by the press time, becomes necessary for the USD/JPY buyers to retake controls. ", "Looking forward, the virus developments in the West will be particularly more important for the USD/JPY traders, which in turn highlights today’s speech from US President Joe Biden to update on the US reaction to the COVID-19 variant. "
- Usd/jpy flirts with 113.00 mark, near three-week low amid risk-off. According to FXStreet on Tuesday, 30 November, "This will influence market expectations about the Fed’s next policy move and produce some meaningful trading opportunities around the USD/JPY pair.", "This was evident from a fresh leg down in the equity markets, which boosted demand for the safe-haven Japanese yen and exerted downward pressure on the USD/JPY pair."
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