Daily FX Update, 26 August 2015

v  US consumer confidence increases to 101.5 in August, unwinding the sharp decline recorded in July   v  German August business confidence rises to 108.3 in July v  Malaysia unemployment rate remains stable in June      v  China central bank cuts interest rates, reserve ratio to underpin economy v  Philippines post a merchandise trade deficit of US$555 million in June

INDICATIVE MAJOR CURRENCIES Last Close  8.05 am Snapshot        Bid                   Offer Expected Ranges for Today         Low                       High USD/MYR 4.1960 4.2240 4.2560 4.2220 4.2670 JPY/MYR (100) 3.4987 3.5480 3.5840 3.5400 3.6100 SGD/MYR 2.9903 3.0020 3.0370 3.0000 3.0500 EUR/MYR 4.7931 4.8790 4.9120 4.8500 4.9500 AUD/MYR 3.0140 2.9960 3.0310 2.9800 3.0600 GBP/MYR 6.5860 6.6340 6.6730 6.6100 6.7300 USD/JPY 119.93 118.72 119.13 118.32 119.32 EUR/USD 1.1423 1.1390 1.1700 1.1490 1.1600 AUD/USD 0.7183 0.6950 0.7260 0.7060 0.7160