Forex
globalreutersJanuary 21, 20251 Mins read
USD/CNH: Major support at 7.2420 is likely out of reach – UOB Group
globalreutersJanuary 21, 20251 Mins read Further US Dollar (USD) weakness is not ruled out; the major support at 7.2420 is likely out of reach for now. 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.
Related Articles
New Zealand inflation data today has pricing for an RBNZ 50bp rate cut at around 67%
Official data for Q4 CPI from New Zealand shows inflation firmly in...
Poll shows 18 out of 19 economists expect a Bank of Japan rate hike on Friday
CNBC conducted the poll, the main points:The Bank of Japan is expected...
Daily Broad Market Recap – January 21, 2025
On Tuesday, the major assets took cues from Trump’s policy headlines, shifting...
Japanese Labor Talks Forecast Big Wage Hikes; BOJ Interest Rate Decision Looms
Japan’s largest business lobby, Keidanren, and trade unions began their annual labor...
Leave a comment