USD/CNH: Any advance is likely part of a higher range of 7.1720/7.1920 – UOB Group

  • US Dollar (USD) may edge higher against Chinese Yuan (CNH), but any advance is likely part of a higher range of 7.1720/7.1920. In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.