USD/CNH: No changes to the mixed outlook – UOB
USD/CNH is still seen trading within the 6.4300/6.4800 range for the time being, suggested FX
Financial and Business News
USD/CNH is still seen trading within the 6.4300/6.4800 range for the time being, suggested FX
USD/INR remains directionless, offered of late, after September’s heaviest daily loss. RBI Governor Das expects
USD/CNH keeps the outlook mixed and is seen within the 6.4300/6.4800 range for the time
China's Trade Balance for August, in Yuan terms, came in at CNY376.3 billion versus CNY495.51
China's Caixin services PMI for August came in at 46.7 vs. 52.6 expected and 54.9 last, showing that
China's August Caixin manufacturing PMI came in at 49.2 vs. 50.2 expected and July’s 50.3, showing that the
NZD/USD holds onto the upside break of three-month-old trend line despite downbeat China data. China
AUD/USD remains lackluster after stepping back from two-week top. Record covid infections and fears of
UOB Group’s FX Strategists noted USD/CNH risks a deeper pullback on a close below 6.4500.
Further consolidation amidst a mixed outlook remains well in place for USD/CNH in the next