The US Dollar (USD) is projected to trade within a range of 7.1700 to 7.1950, according to analysis from UOB Group’s FX experts Quek Ser Leang and Peter Chia. In the longer term, it appears the USD has transitioned into a broader trading phase, expected to fall within the range of 7.1620 to 7.2200.

This forecast reflects the current market dynamics and highlights the stability seen in USD/CNH amidst fluctuations in global markets. The stability of the USD against the Chinese Yuan may present opportunities for investors focusing on this trading pair.

In summary, traders should remain vigilant for movements within this predicted range, as they can significantly impact trading strategies and positions. Whether you’re a seasoned trader or just starting, understanding these dynamics is essential for successful trading.