EURUSD

The USD gained 0.6% on the risk-sensitive AUD while JPY rose more than 1% on the AUD.

“We expect the new dovish strategy may lead to the Fed keeping its fed funds interest rate at 0.00-0.25% for up to the next five years now.” - BOS Chief Economist Mansoor Mohi-uddin.

SINGAPORE (June 1): Europe is now threatening to be an outlier in the “as good as it gets” investment theme as its cyclical improvement continues to gather speed, according to Bank of Singapore (BoS).