US Greenback (USD) is prone to commerce in a spread of seven.1740/7.1880. Within the longer run, USD is predicted to commerce in a spread between 7.1550 and seven.1920, UOB Group’s FX analysts Quek Ser Leang and Peter Chia be aware.
USD is predicted to commerce in a spread
24-HOUR VIEW: “We anticipated USD to ‘commerce in a spread between 7.1700 and seven.1920’ yesterday. USD then traded in a spread of seven.1781/7.1897 earlier than closing at 7.1850 (+0.06%). The worth motion offers no contemporary clues, and at present, we anticipate USD to commerce in a spread of seven.1740/7.1880.”
1-3 WEEKS VIEW: “On Monday (14 Jul, spot at 7.1730), we highlighted that USD ‘is predicted to commerce in a spread between 7.1550 and seven.1920.’ We proceed to carry the identical view for now.”
