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fxJun 30, 2026, 8:16 PM

USD/CNH confined to narrow range, downside risk persists – UOB

United Overseas Bank (UOB) analyst Quek Ser Leang notes that USD/CNH remains range-bound, with near-term expectations for the Dollar to trade between 6.7940 and 6.8080, while downside risk stays intact.

USDCNH

United Overseas Bank's (UOB) Quek Ser Leang observes that USD/CNH is trading in a tight range, with near-term expectations for the Dollar to fluctuate between 6.7940 and 6.8080. The analyst highlights that downside risk for the Yuan against the US Dollar remains intact, suggesting potential pressure on the Chinese currency.

The range-trade pattern persists, indicating limited volatility in the near term, though the bias tilts toward further Yuan weakness. Traders are advised to monitor the 6.7940-6.8080 band for breakouts.

Source: FXStreet Forex News