Daily FX Update, 25 August 2015

v  CBI upgrades UK economy outlook on the picking up of household spending and productivity growth   v  Another brutal session in US equities: S&P 500 (-3.9%), DJIA (-3.6%), NASDAQ (-3.8%) v  Japan leading index revises downward from the preliminary reading     v  Taiwan's industrial production declines for the 3rd consecutive month in July v  Singapore July inflation comes in at -0.4% y/y due to the lower cost of private road transport

INDICATIVE MAJOR CURRENCIES Last Close  8.05 am Snapshot        Bid                   Offer Expected Ranges for Today         Low                       High USD/MYR 4.2430 4.2360 4.2700 4.2340 4.2790 JPY/MYR (100) 3.5599 3.5730 3.6040 3.5500 3.6200 SGD/MYR 3.0107 3.0040 3.0380 2.9900 3.0500 EUR/MYR 4.8918 4.9220 4.9530 4.8800 4.9800 AUD/MYR 3.0634 3.0400 3.0710 3.0100 3.0900 GBP/MYR 6.6789 6.7010 6.7330 6.6600 6.7800 USD/JPY 119.19 118.54 118.95 118.14 119.14 EUR/USD 1.1529 1.1430 1.1740 1.1530 1.1640 AUD/USD 0.7220 0.7010 0.7320 0.7120 0.7220