Wednesday , 22 January 2025
Home Forex USD/CNH: Decline in USD seems excessive – UOB Group
Forex

USD/CNH: Decline in USD seems excessive – UOB Group

US Dollar (USD) could trade in a range of 7.2550/7.2950. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s 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Your email address will not be published.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

US December leading indicators -0.1% vs 0.0% expected

Prior was +0.3%This is a composite index of data already released so...

AUDUSD runs into sellers near swing area/retracement target. Seller make a play.

The AUDUSD has exhibited heightened volatility during the US election period. Despite...

Tech sector rallies: Oracle and Nvidia lead the charge

Sector overviewToday’s US stock market heatmap paints a vibrant picture of the...

US Dollar goes nowhere with tariff fatigue already hitting markets

The US Dollar Index (DXY), which tracks the Greenback’s value against six...