The post Likely to trade between 6.9660 and 7.0160 – UOB Group appeared on BitcoinEthereumNews.com. Outlook for USD is neutral now; it is likely to trade betweenThe post Likely to trade between 6.9660 and 7.0160 – UOB Group appeared on BitcoinEthereumNews.com. Outlook for USD is neutral now; it is likely to trade between

Likely to trade between 6.9660 and 7.0160 – UOB Group

Outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Outlook for USD/CNH remains neutral for now

24-HOUR VIEW: “We expected USD to ‘trade in a range between 6.9740 and 6.9900’ last Friday. USD subsequently traded between 6.9721 and 6.9841, closing largely unchanged (6.9777, -0.07%). The underlying tone has softened somewhat, but this is likely to lead to USD trading range of 6.9700/6.9860 rather than a continued decline.”

1-3 WEEKS VIEW: “Last Thursday (08 Jan, spot at 6.9900), we highlighted ‘the outlook for USD is neutral now’, and we expected it to ‘trade between 6.9660 and 7.0160’. Our view remains unchanged.”

Source: https://www.fxstreet.com/news/usd-cnh-likely-to-trade-between-69660-and-70160-uob-group-202601121242

Market Opportunity
Polytrade Logo
Polytrade Price(TRADE)
$0,05799
$0,05799$0,05799
+2,23%
USD
Polytrade (TRADE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
How Zero Knowledge Proof Is Changing Blockchain Performance Forever

How Zero Knowledge Proof Is Changing Blockchain Performance Forever

The post How Zero Knowledge Proof Is Changing Blockchain Performance Forever appeared on BitcoinEthereumNews.com. Crypto Projects Learn how Zero Knowledge Proof
Share
BitcoinEthereumNews2026/01/13 04:11
Kalshi Partners with Solana & Base to Launch KalshiEco Hub for Onchain Prediction Markets

Kalshi Partners with Solana & Base to Launch KalshiEco Hub for Onchain Prediction Markets

The first prediction markets exchange to be regulated by the CFTC, Kalshi, has launched the KalshiEco Hub in partnership with Solana and Coinbase-backed Base. The new program aims to bring builders, traders, and content creators onto an expanding ecosystem of blockchain-based prediction markets. The launch of the KalshiEco Hub signals a step toward linking traditional […]
Share
Tronweekly2025/09/18 16:30