USD/CNH: No changes to the mixed outlook - UOB

Market news

10 September 2021

USD/CNH: No changes to the mixed outlook - UOB

FXStreet reports that FX Strategists at UOB Group suggest that USD/CNH is still seen trading within the 6.4300/6.4800 range for the time being.

24-hour view: “Yesterday, ... USD edged to a low of 6.4465 before recovering. The decline lacks momentum and USD is unlikely to weaken much further. For today, USD is likely to trade sideways between 6.4400 and 6.4610.”

Next 1-3 weeks: “As highlighted, the outlook for USD is mixed and it could trade within a 6.4300/6.4800 range for a period of time.”

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