Weekly FX Update, 8 June 2015

v  USD hitting fresh multi-week lows as economic data pointing to progress in Europe v  Higher Euro’s bond yields improves the currency’s appeal v  The depreciation pressure of JPY starting to ease v  Asian currencies fell against USD on the back of an increase volatility and overheating in stock markets and concerns over the spreading MERS contagion v  RM is the top losers among Asian currencies as SGD/MYR maintains its upward push into uncharted territories, wild swing in oil prices and rising CDS rate