The outlook for the USD/CNH currency pair has shifted to a neutral stance, according to UOB Group's FX analysts, Quek Ser Leang and Peter Chia. Analysts expect the USD to trade within a range of 6.9740 to 6.9900 in the short term. This stability reflects broader market conditions, suggesting a lack of significant drivers influencing the exchange rate.
Looking further ahead, the analysts foresee the USD maintaining a neutral position, with anticipated trading between 6.9660 and 7.0160. This range indicates a balanced market sentiment, where traders may remain cautious, weighing economic data and geopolitical factors that could impact the USD's performance against the Chinese Yuan.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 12:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.