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Highlights
of today’s FX Daily as follow:-
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· US dollar firmed
under risk-off theme with less extreme volatility despite a less
market-friendly Brexit polls.
· Euro is expected to
test its range-trading depending on the US Fed decision and Britain’s EU
referendum, hence fuelling demand for safe haven currencies like JPY and
Swiss Franc.
· Risk-off environment
will guide RM to trade above 4.095 unless 1-month volatility falls below 10%
and SGD/MYR to trade below critical 3.00 level.
·
Key
watch: Fed may keep its options open on a summer rate hike on better than
expected US 2Q GDP.
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Wednesday, June 15, 2016
20160615 FX Daily Report
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