The post Outlook for USD remains negative – UOB Group appeared on BitcoinEthereumNews.com. US Dollar (USD) is likely to trade between 7.0620 and 7.0740. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Likely to trade between 7.0620 and 7.0740 24-HOUR VIEW: “We expected USD to ‘trade between 7.0600 and 7.0745’ last Friday. USD subsequently traded in a narrower range than expected (7.0629/7.0714), closing unchanged at 7.0712. Momentum indicators are mostly flat, and we continue to expect USD to trade in a range, most likely between 7.0620 and 7.0740.” 1-3 WEEKS VIEW: “We turned negative on USD early last week. In our latest narrative from last Thursday (04 Dec, spot at 7.0565), we indicated that “the outlook for USD remains negative, and the next level to watch is 7.0400.” Although USD has not been to make further headway on the downside, we will maintain the same view as long as 7.0770 (no change in ‘strong resistance’ level) remains intact.” Source: https://www.fxstreet.com/news/usd-cnh-outlook-for-usd-remains-negative-uob-group-202512081125The post Outlook for USD remains negative – UOB Group appeared on BitcoinEthereumNews.com. US Dollar (USD) is likely to trade between 7.0620 and 7.0740. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Likely to trade between 7.0620 and 7.0740 24-HOUR VIEW: “We expected USD to ‘trade between 7.0600 and 7.0745’ last Friday. USD subsequently traded in a narrower range than expected (7.0629/7.0714), closing unchanged at 7.0712. Momentum indicators are mostly flat, and we continue to expect USD to trade in a range, most likely between 7.0620 and 7.0740.” 1-3 WEEKS VIEW: “We turned negative on USD early last week. In our latest narrative from last Thursday (04 Dec, spot at 7.0565), we indicated that “the outlook for USD remains negative, and the next level to watch is 7.0400.” Although USD has not been to make further headway on the downside, we will maintain the same view as long as 7.0770 (no change in ‘strong resistance’ level) remains intact.” Source: https://www.fxstreet.com/news/usd-cnh-outlook-for-usd-remains-negative-uob-group-202512081125

                                                                               Colombians will soon be able to receive and store USDC through MoneyGram’s new crypto app, which is launching soon in app stores.                     MoneyGram’s digital payments app is set to launch in Colombia, offering locals a way to save in US dollar stablecoins as the Colombian peso continues to weaken.MoneyGram’s crypto service is powered by the Stellar network and leverages Crossmint for self-custody, enabling users to store the USDC (USDC) stablecoin and transfer it overseas nearly instantly. In a statement on Wednesday, MoneyGram said Colombia is the “ideal launch market” as Colombian families receive more than 22 times the money they send abroad.Read more