Thursday, August 25, 2016

· Rising geopolitical risk. US dollar reversed weakness and GBP has been star perform


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

·         Rising geopolitical risk. US dollar reversed weakness and GBP has been star performer.

·         Chart wise, we expect MYR to hover in the range of 4.02-4.05 against US dollar. 

·         Key watch:- (i) US initial jobless claims (ii) US durable goods orders (iii) US Yellen’s speech at Jackson Hole and (iv) EZ Ifo business climate survey.

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