US Dollar Predicted to Trade Narrowly between 7.3040 and 7.3240
The US Dollar (USD) is projected to trade within a narrow range of 7.3040 to 7.3240. UOB Group’s FX analysts, Quek Ser Leang and Peter Chia, highlight that while the longer-term outlook appears mixed, the USD is likely to maintain a tighter range between 7.2500 and 7.3300 in the coming weeks. This analysis comes amid varying market dynamics and economic indicators, underscoring traders’ need to stay informed about potential shifts in currency valuations. Keeping a close watch on the USD’s performance can help investors navigate the fluctuating forex landscape effectively.