Friday, August 19, 2016

· US dollar weakness extended in the aftermath of the FOMC minutes.


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

·         US dollar weakness extended in the aftermath of the FOMC minutes.
·         Upward momentum in crude oil prices, improving Malaysia’s risk premium and bond-related inflows will keep MYR well-supported at 3.970-4.035 against US dollar. 
·         Key watch:- (i) Bank Indonesia’s interest rate decision (ii) Taiwan 2Q GDP growth.

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