USD/CNH: Expected to consolidate in a range of 7.1780/7.1980 – UOB Group

FXStreet Insights Team FXStreet

US Dollar (USD) is expected to consolidate in a range of 7.1780/7.1980. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/CNH to trade in a range

24-HOUR VIEW: "We expected USD to 'consolidate in a range of 7.1800/7.2000' yesterday. USD subsequently traded between 7.1836 and 7.1953, a narrower range than we expected. The price action provides no fresh clues, and we continue to expect consolidation today, likely between 7.1780 and 7.1980."

1-3 WEEKS VIEW: "In our most recent narrative from Monday (04 Aug, spot at 7.1900), we highlighted that USD 'appears to have moved into a 7.1600/7.2240 range trading phase.' USD traded in a range over the past couple of days, and we continue to hold the same view."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD falls as US Dollar receives from internal FOMC policy split

GBP/USD loses ground after three days of gains, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the US Dollar gains support from a hawkish pause by the Federal Reserve and an internal FOMC policy split.

EUR/USD softens to near 1.1500 as US-Iran war widens

The EUR/ USD pair loses ground to near 1.1515 during the early Asian trading hours on Friday. The Euro softens against the US Dollar amid risk-off sentiment and fears of wider war in the Middle East. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone for July and the Michigan Consumer Sentiment Index will be released later on Friday.

Gold: Looks to snap four-month losing streak but sellers refuse to give up

Gold fails to hold above $4,100 once again as sellers return early Friday. The US Dollar rebounds on fresh US-Iran tensions and month-end profit-taking. Gold closed above $4,100 on Thursday, but the daily RSI remains below 50.

Why is IDR near historic lows despite Bank Indonesia's 5.75% rate?

The Indonesian Rupiah has faced persistent depreciation pressures against the US Dollar during the first half of 2026, with the USD/IDR pair stabilizing around the 18,100–18,200 range at the time of writing after reaching a record high at 18,247 on June 8, marking the Rupiah's weakest level on record against the Greenback.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.