Weekly FX Update, 17 Aug 2015

v  China Renminbi has depreciated by a cumulative 4% against US dollar as China announces to change its exchange rate regime on 11 August  v  Euro squanders a one-month high on the back of still elevated worries about China v  JPY trades tightly within 123-125.5 band despite talk of possible monetary easing in Japan  v  Asian currencies end broadly weaker against the greenback v  RM fall 3.5% against USD to trade a high of 4.120

INDICATIVE MAJOR CURRENCIES Last Close 8.20 am Snapshot        Bid                   Offer Expected Ranges for Today         Low                       High USD/MYR 4.0805 4.0650 4.0980 4.0630 4.1080 JPY/MYR (100) 3.2825 3.2640 3.2980 3.2600 3.3200 SGD/MYR 2.9003 2.8830 2.9170 2.8800 2.9300 EUR/MYR 4.5330 4.5120 4.5450 4.4900 4.5800 AUD/MYR 3.0110 2.9920 3.0250 2.9700 3.0500 GBP/MYR 6.3827 6.3690 6.4040 6.3400 6.4600 USD/JPY 124.31 124.20 124.61 123.80 124.80 EUR/USD 1.1109 1.0940 1.1250 1.1040 1.1150 AUD/USD 0.7379 0.7210 0.7520 0.7320 0.7420