USD/CNH clings to the mixed outlook – UOB

FX Strategists at UOB Group noted the outlook for USD/CNH remains mixed for the time being.

Key Quotes

24-hour view: “USD traded between 6.4424 and 6.4539 yesterday, much narrower than our expected range of 6.4330/6.4600. The quiet price actions offer no fresh clues and USD could trade sideways for today, likely between 6.4350 and 6.4550.”

Next 1-3 weeks: “There is not much to add to our update from yesterday (13 Sep, spot at 6.4445). As highlighted, the outlook for USD remains mixed and it could trade within a 6.4240/6.4800 range for now.”