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- USD/CNH clings to the mixed outlook - UOB
USD/CNH clings to the mixed outlook - UOB
FXStreet reports that FX Strategists at UOB Group note that the outlook for USD/CNH remains mixed for the time being.
24-hour view: “USD traded between 6.4424 and 6.4539 yesterday, much narrower than our expected range of 6.4330/6.4600. The quiet price actions offer no fresh clues and USD could trade sideways for today, likely between 6.4350 and 6.4550.”
Next 1-3 weeks: "As highlighted, the outlook for USD remains mixed and it could trade within a 6.4240/6.4800 range for now.”
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