Impulsive advance in early Asian trade could extend to 7.1550 before levelling off. In the longer run, downward momentum has largely faded; USD could trade in a broad 7.0900/7.1800 range, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann notes. USD to trade in a broad 7.0900/7.1800 range 24-HOUR VIEW: “On Monday, USD […]
The US Dollar (USD) is expected to trade in a 7.2300/7.2650 range. USD must break and remain below the 7.2037 low before further weakness can be expected, UOB Group FX analysts Quek Ser Leang and Peter Chia note. USD must break below 7.2037 to continue downwards 24-HOUR VIEW: “While we expected USD to break below […]
The US Dollar (USD) is still trading in a 7.2600/7.3100 range, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann notes. Wobbles in the 7.2600/7.3100 range continue 24-HOUR VIEW: “We noted yesterday that ‘there has been a slight increase in momentum.’ We expected USD to edge higher, but we highlighted that ‘as upward […]
RMB markets were not excited at the conclusion of China’s Third Plenum, and USD/CNH is likely to consolidate around 7.25-7.30, DBS FX & Credit Strategist Chang Wei Liang notes. Source link
Chance for USD to edge above 7.3100, but it is unlikely to be able to maintain a foothold above this level. If it breaks above 7.3100, the next significant resistance at 7.3400 may come into view, UOB Group analysts note. The next resistance at 7.3400 may come into view 24-HOUR VIEW: “We noted yesterday that […]
