CCY:CNHUSD

Cnh/usd Currency Pair News

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$0.148
-0.0003 (-0.223%)
At Close: Jun 03, 2026

USD/CNH: Support is at 6.9700 – UOB Group

06:08am, Wednesday, 25'th Sep 2024
Further sharp declines appear likely; support is at 6.9700. Not unreasonable to expect further US Dollar (USD) weakness, particularly when there are no significant support levels close by, UOB Group F
Optimism from China's recent support measures and renewed USD softness have manifested onto gains in the CNH, OCBC's FX strategists Frances Cheung and Christopher Wong note.
Sharp decline has resulted in increase in momentum; USD is likely to continue to weaken, potentially to 7.0100, UOB Group FX analysts Quek Ser Leang and Peter Chia note.
Further US Dollar (USD) weakness appears likely; oversold conditions suggest declines could be relatively limited. In the longer run, sharp decline has resulted in increase in momentum; USD is likely
For all the fundamental reasons put forward to explain their day-to-day gyrations, one look at price action suggests technical factors are arguably just as important in determining movements in the li
The US Dollar (USD) is likely to trade with a downward bias towards 7.0500, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
The US Dollar (USD) is likely to trade in a sideways range of 7.0700/7.1300, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
The US Dollar (USD) is likely to trade in a range between 7.0900 and 7.1100. In the longer run, USD is likely to trade in a sideways range of 7.0700/7.1300, UOB Group FX strategists Quek Ser Leang and
A break above the major resistance at 7.1330 is not ruled out; a sustained rise above this level seems unlikely for now. In the longer run, there has been an increase in momentum, but the US Dollar (U
For the time being, the US Dollar (USD) is likely to trade sideways between 7.0650 and 7.1350, UOB Group FX strategists Quek Ser Leang and Alvin Liew note.

USD/CNH: Mild rebound risk – OCBC

07:25am, Monday, 02'nd Sep 2024
USD/CNH traded a low of 7.0710 last Fri following the break below 7.10 psychological level, OCBC's FX analyst Christopher Wong notes.
The Chinese yuan and equity markets were flying last Friday, gaining ground on speculation policymakers may allow households to refinance their mortgages at substantially lower levels, unlocking a pot
Provided that 7.1130 is not breached, the US Dollar (USD) could continue to decline; the likelihood of it reaching 7.0636 is not high. In the longer run, boost in momentum has increased the chance of
The US Dollar (USD) is likely to trade sideways between 7.1150 and 7.1350. In the longer run, downward momentum has increased sharply, suggesting there is potential for USD to decline to 7.0636, UOB G
The ‘strong resistance' level for the US Dollar (USD) has moved lower to 7.1460 from 7.1750, UOB Group FX strategists Quek Ser Leang and Lee Sue Ann note.
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