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Chinese Yuan: Mild gains likely against US Dollar while support holds - UOB

FXStreetPeople's Republic of China

Chinese Yuan: Mild gains likely against US Dollar while support holds - UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann see slightly stronger downward momentum in USD/CNH after the pair eased from recent highs. For the next 24 hours, they expect the Dollar to edge lower but stay above strong support at 6.6530, with resistance at 6.6720.

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