Monday, March 9, 2015

Weekly FX Update, 9 March 2015

v  The US dollar held broad gains that have taken it to a fresh 11-year peak  
v  A woozy Euro held at fresh September 2003 lows against the greenback
v  Along with strengthening USD and as China sets the lowest economic growth target in 15 years, JPY has been lead above 120
v  Asian currencies with an exception of Chinese Renminbi and Korean Won end the week on softer note against the USD
v  RM fell 0.60% to be weakest link among its regional peers to close above 3.6450 against the USD on weak local equity market and higher 1-month USD/MYR volatility   

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