Highlights
of today’s FX Daily as follow:-
|
· Market sentiment was
dominated by risk aversion with high market volatility and global yields
plunged. US VIX +23%, pushing JPY to strongest in 21 months.
· EUR/USD is likely to
see upwards pressure on bearish biasness of European equities, with VIX index
and carry trade both rising
· Expectations of no
change in monetary policy by BoJ to keep JPY steady.
·
USD/MYR
down 0.5% on risk-aversion trade. USD/MYR to trade on competing forces of
weakening bias of CNH and oil prices against easing SGD/MYR and technical
support for KLCI. Key risk on our view is the MSCI’s decision on inclusion of
China’s Asia-shares today.
|
Tuesday, June 14, 2016
20160614 FX Daily Report
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