USD/CNH: Likely to trade in a range between 6.9650 and 6.9800 – UOB Group
US Dollar (USD) is likely to trade in a range between 6.9650 and 6.9800. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) is likely to trade in a range between 6.9650 and 6.9800. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD remains neutral

24-HOUR VIEW: "Yesterday, USD traded between 6.9674 and 6.9766, narrower than our expected range of 6.9620/6.9820. The price action provides no fresh clues, and we continue to expect USD to trade in a range, most likely between 6.9650 and 6.9800."

1-3 WEEKS VIEW: "Our update from yesterday (13 Jan, spot at 6.9710) remains valid. As highlighted, we maintain our neutral view from last week, but we now expect USD to trade in a lower range of 6.9520/6.9900."

Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
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