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Highlights
of today’s FX Daily Outlook as follow:-
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· Expect US dollar to
remain well-supported and is within reach of multi-month highs.
· EUR/USD continues to
see key resistance level at 50-day moving average of 1.107.
· High of 107.5 for
USD/JPY is within reach on rising demand by Japanese importers.
· Maintain a
depreciation bias of MYR against US dollar. Trading range of 4.017-4.145 to
be expected.
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Tuesday, July 26, 2016
· Expect US dollar to remain well-supported and is within reach of multi-month highs.
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