USD/CNH: Likely to range-trade between 7.0920 and 7.1280 – UOB Group

US Dollar (USD) is likely to consolidate between 7.1000 and 7.1180. In the longer run, the weakness in USD has stabilized; it is likely to range-trade between 7.0920 and 7.1280, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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