USD to Trade in Range of 71730 to 71970 Against CNH, According to Analysts
The US Dollar USD is expected to trade in a determined range of 71730 to 71970 against the Chinese Yuan CNH. FX analysts from UOB Group highlight that in the longer-term, the USD may enter a trading phase between 71620 and 72200. This forecast reflects broader economic indicators along with market sentiment towards both currencies. Investors are advised to stay alert as breaking points in this range could indicate significant shifts in market sentiment and trading strategies.