Bullish bias with focus on 6.7000 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on USD/CNH, noting a softened underlying tone even as recent price action stayed relatively quiet. Intraday, they see scope for a modest drift lower while keeping 6.7150 as key support. Over the next 1–3 weeks, a sustained break below 6.7200 […]

US Dollar stays on the back foot ahead of PCE

Here is what you need to know for Wednesday, August 26: The US Dollar Index (DXY) is hovering below the 99.00 mark as traders squared positions ahead of a heavy Wednesday data slate and Federal Reserve (Fed) Chair Kevin Warsh’s Jackson Hole address on Friday. The move was modest, keeping the Greenback near recent lows […]