The US Dollar (USD) is expected to trade in a range, likely between 146.30 and 147.70. Downward momentum is beginning to wane; a breach of 148.30 would mean the weakness in USD has stabilised, UOB Group FX analysts Quek Ser Leang and Peter Chia note.

USD bulls may try to test 147.70

24-HOUR VIEW: “Last Friday, USD fluctuated between 146.26 and 147.81, closing at 146.61 (-0.45%). The price action did not result in any increase in either upward or downward momentum. Today, USD is expected to trade in a range, likely between 146.30 and 147.70.”