USD/CNH: No changes to the consolidative mood – UOB – by pabspiovano China Currencies Crosses Banks
24-hour view: “Our view for USD to weaken yesterday was incorrect as it soared to a high of 7.1837 before quickly falling back down. The sharp but short-lived swings have resulted in a mixedNext 1-3 weeks: “We continue to hold the same view as from last Friday where USD has likely moved into a consolidation phase. We expect USD to trade sideways for now, likely to be between 7.0600 and 7.2100.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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