USD/CNH sticks to the consolidation range – UOB – by pabspiovano China Currencies Crosses Banks
in the next few weeks, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: Yesterday, USD rose briefly to 7.2442, dropped to 7.2075 and then closed at 7.2281 . There is no clear directional bias for now. Today, we expect USD to trade sideways between 7.2000 and 7.2400.
Next 1-3 weeks: Our most recent narrative was from last Wednesday , wherein USD is likely to trade in a range of 7.1300/7.2450 for the time being. We continue to hold the same view for now. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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