Extra losses in USD/CNH appear unlikely – UOB By pabspiovano China Currencies Crosses Banks
24-hour view: “Yesterday, we were of the view that USD could drift lower but the major support at 6.3390 is unlikely to come under threat”. Our view was not wrong as USD dipped to 6.3419 before rebounding. The underlying tone has firmed somewhat and USD could edge higher from here. That said, any advance is unlikely to break 6.3610. Support is at 6.3460 followed by 6.3420.”
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