The British pound has found firmer footing after Boris Johnson pulled out the race to be Prime Minister. The US Dollar resumed ascending elsewhere as growth risks re-emerge.
The US Dollar traded mixed against ASEAN currencies this past week. The Singapore Dollar is setting up for an aggressive push. What about USD/IDR, USD/THB and USD/PHP?
The Japanese Yen continues to lose ground against the US Dollar despite rumours of the Bank of Japan intervening again in USD/JPY. Can central bank selling contain USD/JPY?
An event-filled week is ahead, with Chinese GDP data, US PMIs, and rate decisions from the Bank of Canada and European Central Bank filling the docket. That should keep volatility…