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

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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…
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