(VIANEWS) - USD/CNH (USDCNH) has been up by 2.37% for the last 21 sessions. At 00:09 EST on Thursday, 22 June, USD/CNH (USDCNH) is $7.17.
USD/CNH's yearly highs and lows, it's 0.102% up from its 52-week low and 0.124% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH's Forex is considered to be oversold (<=20).
Previous days news about USD/CNH (USDCNH)
- Usd/cnh bulls approach 7.1800 as pboc rate cut contrasts with hawkish fed bias. According to FXStreet on Tuesday, 20 June, "A clear bounce off the 21-DMA support of 7.1220 directs the USD/CNH bulls toward the late November 2022 high of near 7.2600. ", "Among the Fed talkers, Richmond Fed President Thomas Barkin, Chicago Fed President Austan Goolsbee and Federal Reserve Governor Christopher Waller were the important ones who appeared a bit hawkish of late and helped propel the USD/CNH bulls."
- Usd/cnh grinds near multi-day top surrounding 7.2000 amid us-China tension, hopes of higher fed rates. According to FXStreet on Wednesday, 21 June, "Above all, USD/CNH buyers cheer the monetary policy divergence between the PBoC and the Fed.", "Elsewhere, hawkish comments from the Fed policymakers, mainly the nominees, and strong US housing data also fuel the USD/CNH price as markets await Fed Chairman Jerome Powell's bi-annual testimony."
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