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USD/CNH bounces off intraday low of 6.9005, marks a two-day losing streak. Sluggish momentum indicators challenge bullish chart formation. 200-bar SMA adds to the upside barriers, the yearly bottom gains the bears’ attention. USD/CNH picks up bids near 6.9080 amid the initial tradi... -
The US dollar fell against all the major currencies last week and reached the lowest level against the euro since October 2018. The five-week slump in the Dollar Index is the longest since late 2017/early 2018. Although we were early dollar bears, the downside momentum appears stronger than the...
