Markets likely to remain range-bound ahead of the EU Summit
against the background of firmer risk
appetite -EU leaders will meet at the 28-29
June EU summit
Singapore May CPI inflation to soften to 5.0% YoY; the first
for the year and policies taken by
MAS seems to be working to contain the rising inflation
The 28-29 June EU
summit is all about a radical change in method and a clear outcome. The usual process of hesitating
until pushed to the brink and then
finding a partial solution is no longer possible; simply because neither the rest of the world nor the
markets are buying it.
AUDUSD headed back
towards parity from a high of 1.0220 and market is testing if it can hold the 1.0000 bar, data is light
this week but a lot of major policy
meetings, markets are likely to take the queue from central banks and policy announcements
USDMYR opened
where it closed at 3.1900-3.1950 as we continue to expect the immediate range of 3.1400-3.2100, as
headlines will drive the direction of the pair with little local data or news this week
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