USD/CNH: Likely to trade in a range of 7.1530/7.1730 – UOB Group

USD/CNH: Likely to trade in a range of 7.1530/7.1730 – UOB Group | The New York Ledger

United States Dollar (USD) is most likely to sell a variety of 7.1530/ 7.1730 versus Chinese Yuan (CNH). In the longer run, down momentum is subsiding quickly; a clear break above 7.1730 would suggest that 7.1295 is not emerging, UOB Group’s FX experts Quek Ser Leang and Peter Chia note. Down momentum is subsiding quickly 24-HOUR VIEW: “We anticipated USD to ‘sell a variety in between 7.1440 and 7.1630’ last Friday. We were inaccurate, as USD in…

USD/CNH: Likely to trade in a range of 7.1530/7.1730 – UOB Group

US Dollar (USD) is likely to trade in a range of 7.1530/7.1730 against Chinese Yuan (CNH). In the longer run, downward momentum is waning rapidly; a clear break above 7.1730 would indicate that 7.1295 is not coming into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.