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USD/CNH: Likely to lead to a lower range of 7.1155/7.1260 - UOB Group
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USD/CNH: Likely to lead to a lower range of 7.1155/7.1260 - UOB Group
New
2025.11.12 19:52
2025.11.12 19:52
2025.11.12 19:52
Softer underlying tone is likely to lead to a lower range of 7.1155/7.1260 rather than a continued decline. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD has likely entered a range-trading phase
24-HOUR VIEW: "We expected USD to 'trade in a range between 7.1170 and 7.1290' yesterday. USD subsequently traded in a narrower range than expected (7.1175/7.1264), closing largely unchanged at 7.1221 (+0.01%). Despite the quiet price action, the underlying tone has softened somewhat. However, this is likely to lead to a lower trading range of 7.1155/7.1260 rather than a continued decline."
1-3 WEEKS VIEW: "Our most recent narrative was from last Friday (07 Nov, spot at 7.1230), in which we highlighted that USD 'has likely entered a range trading phase, and for the time being, we expect it to trade between 7.1120 and 7.1330'. We continue to hold the same view."
Last updated
: 2025.11.12
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USD/CNH: Likely to lead to a lower range of 7.1155/7.1260 - UOB Group
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2025.11.12 03:22USD/CNH: Likely to trade in a range between 7.1170 and 7.1290 - UOB Group
2025.11.11 19:28Dow Jones Industrial Average looks upward as government restart gears turn
2025.11.11 02:46USD/CNH: Likely to trade in a range between 7.1200 and 7.1300 - UOB Group
2025.11.10 20:57
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