USD/CNH: Likely to lead to a lower range of 7.1170/7.1280 – UOB Group

Published 2 days ago Neutral
USD/CNH: Likely to lead to a lower range of 7.1170/7.1280 – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 7.1170/7.1280. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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