The USDCNH pair remains steady at a level of 7.30885, showing a continuation of the current consolidation trend, according to UOB.

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USDCNH Chart by TradingView

USD/CNH continues to point to further side-lined trade in the short-term horizon, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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