Monday, August 1, 2016

Post Asian hours last Fri saw a flurry of FX moves.





FX Research
by Saktiandi Supaat


USD Weakness





Post Asian hours last Fri saw a flurry of FX moves. Broad USD weakness was seen while AUD and NZD crossed the 0.76 and 0.72 handle respectively. In an environment of USD weakness, USDCNH was last seen around 6.6310. We caution a high degree of complacency at this point amid near record high equity indices and see potential for correction for CAD, AUD, KRW, TWD, IDR and THB.

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