Dear Readers,
Please find attached the
amended version of FX Weekly Outlook due to technical amendment to Table
‘Indicative Major Currencies’ for your kind perusal. Sorry for any
inconvenience caused.
Highlights
of this week’s FX Weekly as follow:-
|
· With markets settling
down post-Brexit, we expect a range trade with an upward bias over US dollar
this week given the continued leadership challenge in UK and 4th July holiday
in US.
· A renewed slowdown in
Eurozone’s economic activity will see market betting for ECB to ease with
repatriation into Eurozone from UK to keep EUR/USD relatively stable.
· Safe-haven flows will
continue to drive market expectations on USD/JPY.
·
USD/MYR
to trade in a tighter range of 3.968 to 4.078 on shorter trading days due to
Hari Raya holidays, gridlock formation in oil prices and depreciation
pressure on CNY.
|
Monday, July 4, 2016
A renewed slowdown in Eurozone’s economic activity will see market betting for ECB to ease with repatriation into Eurozone from UK to keep EUR/USD relatively stable.
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