USD/CNH Expected to Trade Within a Range Between 7.1830 and 7.2030, Analysis Suggests
The US Dollar (USD) is anticipated to trade within a narrow range of 7.1830 and 7.2030 against the Chinese Yuan (CNH), according to FX analysts at UOB Group. In the long run, they note that the USD is likely to shift into a broader trading phase between 7.1620 and 7.2200. Traders are advised to carefully consider economic developments on both sides that may affect these currency dynamics as global market sentiment remains fluid.