USD/CNH Forecast: Expect Range Trading Between 7.1800 and 7.2000
The US Dollar is projected to trade in a narrow range between 7.1800 and 7.2000 against the Chinese Yuan. According to UOB Group’s FX analysts, Quek Ser Leang and Peter Chia, this forecast reflects a lack of momentum in either direction for the USD. Traders should remain vigilant as any shifts can influence broader market sentiments. Keeping an eye on global economic indicators will be crucial. Stay tuned for further updates on this currency interaction.