Wednesday, August 17, 2016

· US Dollar index (DXY) touched its weakest level since BREXIT on 23rd June. Crude oil prices hit one-month high.


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

·         US Dollar index (DXY) touched its weakest level since BREXIT on 23rd June. Crude oil prices hit one-month high.
·         Maintain the view that MYR to fluctuate in the range of 3.970-4.042 with a strengthening bias against USD. 
·         Key watch:- (i) Annual comeback of haze (ii) FOMC minutes (iii) Fed’s Bullard speech (iv) US crude oil inventories.

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