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FX Research
by Saktiandi
Supaat
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Dollar Eases Back
But We Look For Support
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Overnight session was one of little cues and there was a
sense of caution as market players digest Fed Fischer’s hawkish words. US
stocks weaved in and out of red and ended flat. Oil prices came off
overnight as well with Brent slipping off the USD50-handle as rising
supply out of Iraq and Nigeria weighed. The DXY index reached towards the
95-figure before easing back to mid-94, as we write. We do not suppose
the retreat will be the end of the USD resurgence…
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Saktiandi Supaat
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Leslie Tang
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