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fxJul 20, 2026, 10:19 PM

PBOC Fix Keeps USD/CNH Rangebound, Say OCBC Strategists

OCBC strategists Sim Moh Siong and Christopher Wong expect USD/CNH to remain broadly rangebound as the People's Bank of China's fix anchors moves, while softer US inflation weighs on the dollar and firmer fixings allow gradual Renminbi gains.

USDCNH

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH is likely to stay broadly rangebound, guided by the People's Bank of China (PBoC) daily fixing.

The analysts highlight that softer US inflation has recently weighed on the dollar, while firmer PBoC fixings have allowed the Renminbi to gradually appreciate. The interplay of these factors keeps the pair in a contained range.

Source: FXStreet Forex News