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fxJul 8, 2026, 10:41 PM

UOB: Chinese Yuan Faces Downside Bias as USD/CNH Momentum Builds

United Overseas Bank's senior technical strategist notes that USD/CNH has broken higher, with momentum improving after Monday's move to 6.8051.

USDCNH

United Overseas Bank (UOB) Senior Technical Strategist Quek Ser Leang said the Chinese yuan faces a downside bias against the US dollar as momentum improves for USD/CNH.

The strategist highlighted that USD/CNH has broken higher, with momentum gaining after Monday's move to 6.8051 and a close above that level.

Source: FXStreet Forex News