FX

Share: EUR/USD picks up bids to extend week-start rebound amid downbeat US Dollar, firmer sentiment. Receding fears of banking fallouts allow markets to take a breather from the previous risk aversion. Upbeat German data, hawkish ECB talks add strength to the Euro pair. ECB President Lagarde’s speech, US CB Consumer Confidence eyed for fresh impulse.
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Share: In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, USD/CNH could now face some consolidation, likely within 6.8100-6.9200. Key Quotes 24-hour view: “We expected USD to trade in a range of 6.8150/6.8500 last Friday. However, it soared to a high of 6.8843 before closing on a
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Share: EUR/USD preserved its bullish momentum and closed the fourth straight trading day in positive territory on Tuesday. Economists at ING expect the pair to surpass the 1.08 barrier. FOMC announcement can trigger some recovery in the Dollar “We think that today’s FOMC announcement can trigger some recovery in the Dollar, and therefore see mostly
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Share: The Pound seems to be holding up surprisingly better than other G10 peers. However, economists at ING expect the EUR/GBP pair to bounce back higher toward 0.88. Pound resilience in doubt “We had previously deemed GBP resilience versus the Euro during the banking turmoil as markets seeing the UK banking sector as not as
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