is expected to gather fresh traction once 131.15 is cleared, comment Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group.24-hour view: “Yesterday, we expected USD to ‘consolidate within a range of 129.35/130.30’. We did not expect the elevated volatility as USD dropped sharply to 129.18 before rebounding quickly to end the day at 130.44 . The rebound from the low has room to extend but a sustained advance above 130.80 appears unlikely .
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Source: Financial Digest (financialdigest.net)
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