According to UOB, the USDCNH is currently experiencing a situation where trading activity is moving to the side and not showing any significant movements.

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USDCNH Chart by TradingView

USD/CNH is now predicted to navigate within the 7.2800-7.3400 range in the next few weeks, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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