USD/CNH: Further retracement likely near term – UOB By pabspiovano China Currencies Crosses Banks
to recede to the 6.7000 region and probable 6.6700 in the next weeks, commented FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We did not expect the strong rise in USD to a high of 6.7856 yesterday . The rapid rise appears to be running ahead of itself and USD is unlikely to advance much further. For today, USD is likely to consolidate and trade between 6.7550 and 6.7950.
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