There is a possibility that USDCNH, currently at 7.26785, could experience a further decline below the level of 7.2390, according to UOB.

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There is a possibility that USDCNH, currently at 7.26785, could experience a further decline below the level of 7.2390, according to UOB.

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    Further downside in USD/CNH appears likely on a breach of 7.2390, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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