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USD/CNH: Further range bound in store near term

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There are no changes to the consolidative phase in USD/CNH for the time being, argue UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser

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Next 1-3 weeks: Our latest narrative was from last Thursday when we highlighted that, “the recent buildup in upward momentum has eased, and USD is likely to trade in a range of 7.2500/7.3300 for the time being.” There is no change in our view. Information on these pages contains forward-looking statements that involve risks and uncertainties.

 

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