Monday, October 24, 2016

US dollar could stay well supported for most part of the week.


Highlights of this week’s AmBank FX Weekly Outlook as follow:-

·         US dollar could stay well supported for most part of the week.
·         Expect USD/MYR to fluctuate in the range of 4.180-4.210.
·         Key watch:- (i) GDP (US, UK, S. Korea), (ii) manufacturing PMI (US, Eurozone and Japan), (iii) Fed official speech and (iv) UK sovereign debt to be rated by S&P Ratings.

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