Wednesday, July 20, 2016

· Expect US dollar to outperform the major currencies


Highlights of today’s FX Daily Outlook as follow:-

·         Expect US dollar to outperform the major currencies
·         EUR/USD to remain bearish ahead of 21 July ECB’s policy meeting
·         107.00 is the key resistance for USD/JPY, with the next resistance at 108.36
·         Bearish bias on crude oil prices will drive MYR to trade at the upper range of 3.934-4.034

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