Most are expecting Yellen to keep the usual dovish rhetoric. Keep a close watch for Jackson Hole speeches by ECB and BoE for hints of further easing.

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

·         Most are expecting Yellen to keep the usual dovish rhetoric. Keep a close watch for Jackson Hole speeches by ECB and BoE for hints of further easing. ·         Continued bond-related inflows, declining USD/MYR volatility and rally in oil prices will keep USD/MYR in the range of 3.98-4.02. ·         Key watch:- (i) US NFP (ii) Fed officials speaking engagement (iii) G-20 summit.