USD/CNH Set to Bounce Between 7.1780 and 7.1950 According to UOB Group
The US Dollar, trading against the Chinese Yuan, is expected to stabilize within a range of 7.1780 to 7.1950. Analysts from UOB Group, Quek Ser Leang and Peter Chia, predict this short-term consolidation, while longer-term forecasts suggest a broad range between 7.1730 and 7.2000. Market participants should keep an eye on external factors like geopolitical tensions and economic reports that could influence this currency pair. As domestic indicators fluctuate, the USD/CNH rate might react dynamically, reflecting the economic climate and investors’ sentiments. Find further insights and updates on entreprenerdly.com.