The USDCNH is currently at 7.24466, and there is a tendency for it to rise. However, any potential increase in value may be limited if it falls below 7.1980, according to UOB.
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USD/CNH could see its upside momentum alleviate in case it breaks below the 7.1980 level in the short-term horizon, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
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