Good Evening Traders;now we see a short snapshot of US-Eu-Asia Economy Outlook:AMERICAS.The USD will remain in favour as the Fed initiates a gradual process of monetary policy normalization that will likely weigh on the CAD and MXN through the remainder of the year.The BRL will retain a bearish tone driven by the adverse effects of an acute fiscal adjustment. The commodity-intensive CLP and PEN will prepare for a negative shock fromthe Fed tightening.EUROPE.The EUR will resume a weakening phase, which will pave the way for parity with the USD over the next 18 months. Monetary policy divergence will be the primary driver of EUR weakness as ECB policy accommodation is fully implemented. The GBP will maintain astable trading range versus the USD, with the BoE implementing its own policy normalization with a modest lag to the Fed.ASIA/PACIFIC.Relative dynamics will continue to weigh on the JPY, its stance of accommodation the most aggressive among its peers. The CNY is expected to strengthen modestly with a broader focus on financial stability. The AUD is vulnerable to a period of renewed depreciation, asRBA policymakers remain attentive to exchange rate dynamics. Regards All.
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