UOB analysts see the yuan trading in a tight range against the dollar with no clear directional bias in the near term.
The Chinese yuan remains range-bound near 6.7450 against the US dollar, with intraday movements confined to a narrow band. Analysts note momentum indicators show no clear trend, limiting volatility for now.
The pair is expected to trade between 6.7400 and 6.7500, reflecting subdued market activity. Recent sessions have seen similar consolidation, with no significant catalysts to break the pattern.
No immediate market reaction was reported, as traders await fresh drivers for directional movement.