Neutral
USD/CNH consolidates near 6.79 as UOB forecasts range-bound trading.
Over the past 24 hours, USD/CNH has remained relatively stable, trading between 6.7911 and 6.8025, closing at 6.7948. United Overseas Bank (UOB) analysts suggest that the recent decline in the US Dollar's strength has ended, with the pair expected to trade within a range of 6.7750 to 6.8080 in the coming weeks.
Key points
- USD/CNH remains range-bound, trading between 6.7911 and 6.8025, closing at 6.7948.
- UOB analysts expect the pair to trade between 6.7750 and 6.8080 over the next 1–3 weeks.
- No significant developments have impacted USD/CNH in the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
