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fxJun 8, 2026, 9:18 PM

USD/CNH Consolidates in 6.7800-6.7950 Range – UOB

UOB strategists note limited upside momentum for USD/CNH after a slight rise to 6.79, expecting consolidation between 6.7800 and 6.7950 for the day.

USDCNH

According to UOB's Quek Ser Leang and Lee Sue Ann, USD/CNH edged higher toward 6.79 but upward momentum remains subdued. They anticipate the pair will consolidate within a narrow 6.7800–6.7950 band during the session.

The analysts maintain a neutral outlook for the Chinese yuan against the US dollar, with the broader range set at 6.7620–6.7980. No breakout signals are evident, suggesting continued range trading.

Source: FXStreet Forex News