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14 Mar 2025

USD/CNH: Any advance is unlikely to reach 7.2650 – UOB Group

US Dollar (USD) is expected to edge higher vs Chinese Yuan (CNH); any advance is unlikely to reach 7.2650. In the longer run, current price movements are likely part of a 7.2100/7.2800 consolidation range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. 

Price movements are part of a 7.2100/7.2800 consolidation range

24-HOUR VIEW: "Yesterday, we were of the view that USD 'is likely to trade in a range between 7.2230 and 7.2520.' USD then traded in a 7.2301/7.2533 range. There has been a slight increase in upward momentum. Today, we expect USD to edge higher. However, we do not expect any advance to reach the resistance at 7.2650. Support is at 7.2400, followed by 7.2300." 

1-3 WEEKS VIEW: "After holding a negative USD view since late last week, we indicated two days ago (12 Mar, spot at 7.2330) that 'while there has been no significant increase in downward momentum, USD could potentially drop to 7.2000.' Since then, USD has not been able to make further headway on the downside, and downward momentum has eased. We view the current price movements as part of a 7.2100/7.2800 consolidation range."

Mar 14, 2025

USD/CNY is trading lower, EUR/CNY – higher – Danske Bank

The CNY has gained versus the USD lately, but it is more a story about USD weakening than CNY strength.
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Mar 14, 2025

EUR/GBP to remain bearish in the near term – Danske Bank

EUR/GBP took a breather during yesterday's session after rising more than 2% since the beginning of March, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
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