The US Dollar (USD) is expected to trade within a narrow range against the Chinese Yuan (CNY), specifically between 7.1170 and 7.1290, as indicated by UOB Group's FX analysts Quek Ser Leang and Peter Chia. This range-bound trading suggests a period of stabilization for the USD amid fluctuating market conditions.
Looking at a broader perspective, the USD appears to have entered a longer-term trading phase between 7.1120 and 7.1330. This development could reflect ongoing adjustments in the currency pair's dynamics, influenced by global economic factors and monetary policy outlooks, potentially impacting traders' strategies in the forex market.
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Data Source: Yongxianli Analysis Team Updated: 2025-11-11 11:38
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.