Monday, May 25, 2015

Weekly FX Update, 25 May 2015


v  Strong housing data drives the appreciation of DXY
v  Euro weaken against USD following the ECB’s decision to frontload the QE purchases
v  Japanese Yen climbed above 120 and touched its two months high of 121.57
v  Asian currencies end the week with a negative bias against US dollar
v  RM makes a loss of 0.44% against the USD with the plunge in local bourse and also declining 3-month crude palm oils future prices

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