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Posted by
Two Blokes Fri at 1:30 PM -
Filed in
Forex
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Room for US Dollar (USD) to continue to rise against the Chinese Yuan (CNH), but it does not appear to have enough momentum to break above 7.2600. In the longer run, downward momentum is slowing rapidly; a breach of 7.2600 would mean that USD is likely to trade in a range instead of declining, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
