UOB: USD/CNY Range Holds with Modest Upward Momentum
UOB analyst Quek Ser Leang notes that USD/CNY remains within its established range, with only modest upward momentum despite a recent push higher.
USDCNY
UOB's Quek Ser Leang commented on the USD/CNY pair, stating that the exchange rate continues to trade within the previously identified range. He observed only modest upward momentum, even after a recent push toward the upper end of the range.
The analyst's assessment suggests that the US dollar has limited near-term strength against the Chinese yuan, with the pair likely to remain range-bound unless clearer directional cues emerge.
Source: FXStreet Forex News