The USDCNH, currently at 7.29126, is expected to undergo a period of consolidation in the near future, according to UOB.

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USDCNH Chart by TradingView

USD/CNH now appears to have entered a consolidative range within 7.2500-7.3300 argue UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

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