Tuesday, July 26, 2016

It was a quiet start to the week, with US equities on a weaker footing, dragged lower by Energy sector.







FX Research
by Saktiandi Supaat


Hold Your Horses





It was a quiet start to the week, with US equities on a weaker footing, dragged lower by Energy sector. Oil prices were softer with WTI a little over US$43/bbl and Brent crude around the $44/bbl handle, due to increased drilling activities and high inventories. In FX, USD was broadly firmer against most AXJs and CAD but weaker vs. the JPY on risk aversion in the run-up to FoMC/BoJ. We expect USD/AXJ to remain broadly supported in subdued ranges as markets are likely to be on wait-and-hold mo

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