USD/CNH: Scope for a test of 6.8000 – UOB By pabspiovano China Currencies Crosses Banks
could now attempt a visit to the 6.8000 level in the next weeks, commented FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We highlighted yesterday that ‘further USD strength is likely’ and ‘a break of 6.7400 could lead to an advance to 6.7600’. The anticipated advance exceeded our expectations as USD soared to a high of 6.7760. Conditions are deeply overbought and USD is unlikely to strengthen much further. For today, USD is more likely to trade between 6.7350 and 6.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD faces the next support at 1.2250 – UOBFurther downside momentum could drag cable to the mid-1.2200s in the near term, suggested UOB Group’s FX Strategists Lee Sue Ann and Quek Ser Leang. K
Read more »
USD/MYR could extend the uptrend beyond 4.40 – UOBAccording to Quek Ser Leang at UOB Group’s Global Economics & Markets Research, further upside in USD/MYR could see the 4.40 level retested in the nea
Read more »
US Dollar Technical Outlook: USD/SGD, USD/PHP, USD/THB, USD/IDR Uptrends in FocusThe US Dollar has been rising against the Singapore Dollar, Philippine Peso, Thai Baht and Indonesian Rupiah. Will momentum last as USD/SGD, USD/PHP, USD/THB and USD/IDR test resistance? Get your market update from ddubrovskyFX here:
Read more »
EUR/USD Forecast: Euro Looks To Re-Test April Swing Lows, U.S. CPI in FocusLast week’s NFP beat laid the foundation for Monday’s open lower for EUR/USD as markets look forward to U.S. inflation data as the next possible upside risk event for the dollar. Get your market update from WVenketas here:
Read more »
GBP/USD rebounds swiftly from YTD low, retakes 1.2400 amid modest USD pullbackThe GBP/USD pair witnessed a dramatic intraday turnaround and rallied over 140 pips from its lowest level since June 2020 touched earlier this Monday.
Read more »
EUR/USD steadies below 1.0600 despite USD retreat ahead of German ZEW, US inflationEUR/USD steadies below 1.0600 despite DXY’s retreat ahead of US inflation, German ZEW Survey eyed too By anilpanchal7 EURUSD Inflation RiskAppetite Fed ECB
Read more »