USD/CNH: No change to the 6.3400-6.3805 range - UOB By pabspiovano China Currencies Crosses Banks
is still forecast to keep the 6.3400-6.3805 range in the short-term horizon, commented FX Strategists at UOB Group.24-hour view: “Yesterday, we expected USD to ‘trade sideways between 6.3620 and 6.3760’. USD subsequently traded between 6.3600 and 6.3699 before closing little changed at 6.3618 . The quiet price actions offer no fresh clues and we continue to expect USD to trade sideways, likely within a range of 6.3590/6.3740.
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