Highlights
of today’s FX Daily as follow:-
|
· Markets were caught
between improving market sentiments, weaker commodity prices and Brexit
fears.
· A close watch on
USD/JPY with yields being bias to ease and Brexit fear raising appetite for
safe assets.
· Euro is likely to
trade within a tight range of 1.114 to 1.131 and the burden of Brexit could
push JPY below the century mark.
·
Expect
USD/MYR to trade in range, with strong support at 4.0567. Key watch:-
3YMGS/2YUST rate differential, 5-year CDS and ascending SGD/MYR.
|
Friday, June 17, 2016
20160617 FX Daily Report
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