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USD/CNH: Likely to trade in a range of 7.1260/7.14100 – UOB Group

US Dollar (USD) is likely to trade in a range of 7.1260/7.1410. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD is likely to trade in a range

24-HOUR VIEW: "We stated yesterday that 'momentum indicators are mostly flat.' We expected USD to 'consolidate between 7.1200 and 7.1380.' Our view of consolidation was not wrong, even though USD traded in a narrower range than expected (7.1248/7.1358). Further consolidation seems likely, but given that the underlying tone has firmed slightly, USD is likely to trade in a higher range of 7.1260/7.1410."

1-3 WEEKS VIEW: "Our update from Tuesday (30 Sep, spot at 7.1275) remains valid. As highlighted, 'the current price movements are likely part of a rangetrading phase between 7.1000 and 7.1480'."

Silver Price Forecast: XAG/USD rallies past $47.50 amid US Dollar’s weakness

Silver hits fresh daily highs above $47.50 after bouncing from lows right below $46.00.
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EUR extends tight trading range – Scotiabank

The Euro (EUR) is up a modest 0.2% vs. the US Dollar (USD) and a mid-performer among the G10 currencies as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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