FW: Global Markets Daily: Moving on to ECB

 

 

Moving on to ECB Global Markets Daily by Saktiandi Supaat FX Research The Fed raised the Fed Fund Target range from 1.5-1.75% to 1.75-2.00% overnight, as expected and signaled two more hikes, according to the dots plot this year. This was enough to swing the USD higher against all currencies. EURUSD slipped to a low of 1.1726 at one point overnight. But, this USD move was quickly reversed out and it served to be merely a brief interruption to the EURUSD which remain on its way higher towards the 1.18. Markets have moved on as most of the action taken... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.