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Chinese Yuan: Range trade persists, upside risk against US Dollar – UOB

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann expect USD/CNH to remain confined in a narrow intraday range, reflecting flat momentum indicators. Over the next 1–3 weeks, they still see scope for the Dollar to edge lower toward 6.7300 while resistance has shifted higher.

Chinese Yuan: Range trade persists, upside risk against US Dollar – UOB

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