RSS USD/CNH: Decline in USD seems excessive – UOB Group

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 RSS USD/CNH: Decline in USD seems excessive – UOB Group

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Slight increase in momentum is likely to lead to a higher trading range of 7.2700/7.2980. In the longer run, decline in US Dollar (USD) seems excessive, but there is potential for a test of 7.2420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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