USD/CNH Might Fall to 7.2430 Before Stabilizing, Warns UOB Group
Analysts from UOB Group predict that the US Dollar (USD) could weaken to 7.2430 against the Chinese Yuan (CNH) before any stabilization occurs. The outlook remains uncertain as the dollar’s ability to hold below 7.2150 is in question. For the foreseeable future, analysts believe the USD may trade within the 7.2000 to 7.3000 range. This analysis sheds light on the shifting dynamics of the USD and its implications for trade relationships. Investors need to keep a close watch on these currency movements amidst fluctuating market conditions.