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Forex

USD/CNY Range Bound Near 6.7450 as UOB Sees Balance Between Dollar and Yuan

Guavy AI Editorial Team
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USD
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The USD/CNY exchange rate has been stuck in a tight range near 6.7450, according to UOB Group's latest currency outlook.

This stability reflects a balance between the resilient US dollar and expectations of steady Chinese economic growth.

Recent data from China, including stronger-than-expected industrial output and retail sales, have supported the yuan.

The Federal Reserve's cautious stance on future rate hikes has capped the dollar's upside, leaving traders awaiting fresh catalysts to break the range.

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