USD/CNH: Further retracement likely near term – UOB
The resumption of the selling pressure could force USD/CNH to recede to the 6.7000 region
Financial and Business News
The resumption of the selling pressure could force USD/CNH to recede to the 6.7000 region
USD/CNH’s uptrend seems to be running out of steam, commented Lee Sue Ann and Quek
Extra gains could motivate USD/CNH to challenge the 6.8500 area in the next weeks, commented
USD/CNH could now attempt a visit to the 6.8000 level in the next weeks, commented
Quek Ser Leang at UOB Group’s Global Economics & Markets Research noted USD/THB still faces
The pound remains under pressure, still hit by the BoE meeting. Euro among top performers
EUR/GBP gained strong follow-through traction on Friday and refreshed the YTD peak. Acceptance above the
USD/CNH needs to keep the trade above 6.6450 to maintain the constructive outlook unchanged for
EUR/GBP climbed to over a one-week high, albeit struggled to capitalize on the move. Traders
NZD/USD now faces some range bound trading between 0.6450 and 0.6610 in the next weeks,