USD/CNH strengthens above 7.1200 – BBH

USD/CNH edges higher as a softer-than-expected China PMI contrasts with optimism from the US-China trade truce, supporting the yuan, BBH FX analysts report.

China manufacturing PMI slips to 50.6 in October

"USD/CNH is firmer above 7.1200 on USD strength. China manufacturing activity remains soggy. The private-sector RatingDog manufacturing PMI slipped in October to 50.6 (consensus: 50.7) vs. 51.2 in September. Encouragingly, the US and China trade truce improves the outlook for China’s manufacturing sector and supports CNH."

Nov 3, 2025

NZD/USD: Unlikely to be able to break below 0.5700 – UOB Group

New Zealand Dollar (NZD) could continue to edge lower, but it is unlikely to be able to break below 0.5700. In the longer run, NZD is under mild downward pressure, and could edge lower, potentially testing 0.5700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY: Clear break above 154.50 is unlikely – UOB Group

Upward momentum is slightly firm, and US Dollar (USD) could test 154.50; a clear break above this level is unlikely. In the longer run, sharp increase in upward momentum could lead to further USD advance toward 154.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.