Growing comfort the Bank of England is anticipated to cut the policy rate at least one time and ECB could loosen the quantitative easing (QE) rules.

Highlights of today’s FX Daily as follow:-

·         Growing comfort the Bank of England is anticipated to cut the policy rate at least one time and ECB could loosen the quantitative easing (QE) rules. ·         Expect EUR’s resistance at 1.1150, a level it is capping on the “sell-the-rally” mode. ·         Envisage the USD/JPY to in the 102 range with 101.40 as the immediate support. ·         Foresee USD/MYR to hover at a new range of 3.968-4.130 provided the cross rate of SGD/MYR does not dip below its 100-day moving average of 2.9585 and not excessive of profit trading on commodities into the quarter-end.