According to UOB, there is an increasing likelihood of the USDCNH surpassing 7.2000, as betting in favor of this rise is gaining momentum. The current value of USDCNH stands at 7.16409.

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USDCNH Chart by TradingView

There are rising chances for USD/CNH to break above the 7.2000 level in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek ser Leang at UOB Group.

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