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Currency Market Outlook - September 2020

Our September report outlines the key events and drivers that our analyst team expect to impact FX currency markets in the weeks ahead.

Written by Steven Dooley, Currency Strategist - Asia Pacific

Highlights include:

USD: Data, pandemic developments, and currency market positioning are likely to influence the US currency direction over the homestretch of the third quarter.

CNY:   The Chinese yuan has been supported by its improving growth and trade position.

SGD:   SGD, like many other regional Asian currencies, is likely to be driven by expectations for US interest rates global growth forecasts.

AUD:   The AUD was supported by the monetary stance of the Reserve Bank of Australia which has continued to signal that it has no plans to loosen policy.

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