USD/CNH: 7.1295 is probably out of reach for now – UOB Group
1 Articles
1 Articles
USD/CNH: 7.1295 is probably out of reach for now – UOB Group
Risk for US Dollar (USD) remains on the downside against Chinese Yuan (CNH); the significant support level at 7.1295 is probably out of reach for now. In the longer run, USD view is negative; it could drop to 7.1295, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
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