FXStreet reports that FX Strategists at UOB Group discuss USD/CNH prospects.

Next 1-3 weeks: “Last Friday, we highlighted that further USD strength is unlikely. We added, USD ‘is more likely to trade sideways within a broad range 6.4400/6.5500’. USD subsequently dropped to a low of 6.4397. Downward momentum is beginning to improve but USD has to close below 6.4400 before a move towards 6.4130 can be expected. At this stage, the prospect for such a move is not high but it would remain intact as long as it does not move above 6.4900.”