|
Highlights
of today’s FX Daily as follow:-
|
|
· Dovish tone from
Yellen and US Fed Reserve. Sentiment was improving as gradual rate rise path
is becoming even more gradual.
· Brexit will remain at
a center stage with just about 7 days to go as questions will be asked about
future integrity of EU and Euro itself.
· USD/JPY recouped back
slightly on steadier stock momentum in Europe and Asia, which quelled
market’s reaction function to buy the safe haven currency
·
Expect
USD/MYR to trade range-bound with strong support at 4.0567. Key watch:-
3YMGS/2YUST differentials, narrowing gap between spot MYR and NDF rate and
higher volatility heading into Brexit referendum on 23rd June.
|
Thursday, June 16, 2016
20160616 FX Daily Report
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.