Markets is expected to open a little nervous following the attempted Turkish coup. Key watch: (i) Republican National Convention; (ii) ECB meeting; and (iii) G20 Finance Ministers meeting at China

Highlights of this week’s FX Weekly Outlook as follow:-

·         Markets is expected to open a little nervous following the attempted Turkish coup. Key watch: (i) Republican National Convention; (ii) ECB meeting; and (iii) G20 Finance Ministers meeting at China ·         EUR/USD is expected to reach the 1.090 level due to the demand on US dollar and movement in GBP/USD ·         USD/JPY to test 50-day MA of 106.19 as JPY’s safe haven premium drops and expectation for more easing by BoJ ·         USD/MYR to trade in the range of 3.932 to 4.024. Key watch – (i) June CPI number and (ii) the technical rebound in cross SGD/MYR