Daily FX Update, 28 August 2015

v  US Q2 GDP growth is revised up to a 3.7% annualized rate against the advance estimate of 2.3% v  Euro area M3 in July picks up to 5.3% y/y and above the 3-month average of 5.1% v  Moody’s: Outlook for the Malaysian banking sector remains stable as its exposure to foreign currency loans is minimal v  Thailand records another trade surplus in July despite the fall in exports and imports v  Philippines' GDP growth in 2Q 2015 reaches 5.6% y/y

INDICATIVE MAJOR CURRENCIES Last Close  8.05 am Snapshot        Bid                   Offer Expected Ranges for Today         Low                       High USD/MYR 4.2318 4.1790 4.2150 4.1770 4.2220 JPY/MYR (100) 3.4907 3.4480 3.4830 3.4400 3.5100 SGD/MYR 3.0240 2.9940 3.0180 2.9800 3.0300 EUR/MYR 4.7549 4.7220 4.7540 4.6700 4.7700 AUD/MYR 3.0321 2.9970 3.0330 2.9800 3.0600 GBP/MYR 6.5199 6.4500 6.4910 6.4200 6.5400 USD/JPY 121.23 120.76 121.17 120.36 121.36 EUR/USD 1.1236 1.1090 1.1400 1.1190 1.1300 AUD/USD 0.7165 0.7030 0.7340 0.7140 0.7240