Highlights
of this week’s FX Weekly Outlook as follow:-
|
· Expect bullish US
dollar environment to continue to dominate. Key watch: (i) FOMC meeting; (ii)
BoJ meeting; and (iii) European banks stress test results
· EUR/USD to see key
resistance level at 50-day moving average of 1.107
· Key watch:- BoJ
meeting that may see wider trading range of 105.41 to 107.49 for USD/JPY
·
Ringgit
to trade on depreciation bias against the US dollar with a wider band of
4.017 to 4.145 on risks of rising risk premium, weaker commodity prices and
in response to the possibility of US rate hikes
|
Monday, July 25, 2016
· Expect bullish US dollar environment to continue to dominate.
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