The USD/CNH currency pair is projected to trade within a narrow range of 7.1100 to 7.1220 in the near term, according to UOB Group's FX analysts Quek Ser Leang and Peter Chia. This movement reflects the current dynamics in the forex market, influenced by various economic factors and market sentiment towards the US Dollar.
In a broader perspective, the exchange rate for USD/CNH is expected to fluctuate between 7.1020 and 7.1285. This outlook suggests a stable trading environment for the USD against the Chinese Yuan, with potential implications for traders and investors monitoring these levels for strategic entry and exit points. The ongoing economic developments will play a crucial role in determining whether the USD can maintain its position within this range.
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Data Source: FX Killer Analysis Team Updated: 2025-11-21 13:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.