Select Language

USD/CNH: Likely to trade in a range of 7.1260/7.14100 - UOB Group

Breaking news

USD/CNH: Likely to trade in a range of 7.1260/7.14100 - UOB Group

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.10.03 20:35
USD/CNH: Likely to trade in a range of 7.1260/7.14100 - UOB Group

update 2025.10.03 20:35

US Dollar (USD) is likely to trade in a range of 7.1260/7.1410. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD is likely to trade in a range

24-HOUR VIEW: "We stated yesterday that 'momentum indicators are mostly flat.' We expected USD to 'consolidate between 7.1200 and 7.1380.' Our view of consolidation was not wrong, even though USD traded in a narrower range than expected (7.1248/7.1358). Further consolidation seems likely, but given that the underlying tone has firmed slightly, USD is likely to trade in a higher range of 7.1260/7.1410."

1-3 WEEKS VIEW: "Our update from Tuesday (30 Sep, spot at 7.1275) remains valid. As highlighted, 'the current price movements are likely part of a rangetrading phase between 7.1000 and 7.1480'."


Date

Created

 : 2025.10.03

Update

Last updated

 : 2025.10.03

Related articles


    Show more

    FXStreet

    Financial media

    arrow
    FXStreet

    FXStreet is a forex information website, delivering market analysis and news articles 24/7.
    It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
    Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

    Was this article helpful?

    We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
    We are also looking for writers with extensive experience in forex and crypto to join us.

    please contact us at [email protected].

    Thank you for your feedback.
    Thank you for your feedback.

    Most viewed

    EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance

    EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates.
    New
    update2025.10.25 07:15

    USD/CHF Price Forecast: Stays range-bound below 0.8000

    The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.
    New
    update2025.10.25 05:18

    Gold rebounds after softer US CPI data reinforces Fed cut bets

    Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week.
    New
    update2025.10.25 04:07

    AUD/USD holds steady as mixed US data keeps traders cautious

    The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data.
    New
    update2025.10.25 03:12

    Dow Jones Industrial Average reaches new peak as US CPI inflation boosts rate cut bets

    The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever.
    New
    update2025.10.25 03:10

    Silver price consolidates below $49 on Fed rate-cut outlook

    Silver (XAG/USD) eases on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidates below the psychological $49 level.
    update2025.10.25 01:44

    EUR/GBP jumps to four-week high as BoE dovish bets offset strong UK data

    The EUR/GBP advances during the North American session, even though Retail Sales in the UK, exceeded estimates but a softer inflation reading increased the odds for further easing by the Bank of England. The cross trades at 0.8744, up 0.74% as it hits a four-week high.
    update2025.10.25 01:25

    USD/JPY extends gains as strong US PMI offsets softer CPI data

    The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, with USD/JPY trading around 152.80, up for the sixth straight day.
    update2025.10.25 00:06

    GBP/USD holds steady post-volatile session on UK data, US inflation signals

    GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US).
    update2025.10.25 00:01

    JPY soft and underperforming G10 in quiet trade - Scotiabank

    The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming nearly all of the G10 currencies in overall quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
    update2025.10.24 23:54

    Disclaimer:arw

    All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

    The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

    • Facebook
    • Twitter
    • LINE

    Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

    I agree
    share
    Share
    Cancel