#USDCNH @ 7.23811 risks a move below the 7.1800 level near term – UOB

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USDCNH Chart by TradingView

A potential drop and visit to the 7.1800 region could be in the offing for USD/CNH in the short-term horizon, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

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