Monday , 25 November 2024
Home Forex USD/CNH: Set to slide and test 7.0980 – UOB Group
Forex

USD/CNH: Set to slide and test 7.0980 – UOB Group

Price action continues to suggest further US Dollar (USD) weakness, even though it is too early to determine if the long-term support near 7.0980 is within reach, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

People’s Bank of China shift to the MLF as the main policy tool – drain today facilitates

The news is here from earlier:PBOC net drain 550bn via MLF. Rate...

Event Guide: Australia’s CPI Report (October 2024)

The Land Down Under has its October CPI report up for release...

European Central Bank speakers Monday include Lane, Makhlouf

Coming up from the ECB today:1630 GMT/1130 US Eastern time: European Central...

PBOC net drain 550bn via MLF. Rate unchanged at 2%

People's Bank of China issue a one year MLF at 2%900bn yuan...