USD/CNH risks a drop to the 6.7500 region – UOB – by pabspiovano China Currencies Crosses Banks
to another test of the 6.7500 zone in the short term, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “While we expected USD to weaken last Friday, we were of the view that ‘6.8560 is unlikely to come into view’. The anticipated USD weakness exceeded our expectations as USD cracked a couple of solid support levels and plunged to 6.8243. Solid downward momentum suggests USD could break 6.
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