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November 18, 2024

USD/CNH: Likely to trade in a range of 7.2250/7.2500 – UOB Group

The US Dollar (USD) is likely to trade in a range of 7.2250/7.2500. In the longer run, momentum is beginning to slow; a breach of 7.2000 would mean that USD is not rising further, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

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