is capped by on-going US Federal Reserve rate hikes. "We maintain our 2019 rate hike expectation at three 25bps hikes which now implies that we expect the Fed to exceed their long run fftr.0 by mid-2019.". United Overseas Bank Group shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein. "Consequently, Australias terms of trade has improved moderately following a brief dip towards the end of last year.
UOB maintain a negative outlook for GBP/USD and see the pair drifting lower towards.30. Contact Us, corporate Call Centre:, (Monday to Friday.00am -.30pm excluding public holiday). UOB forecast EUR/USD.20 in 3Q18,.21 in 4Q18,.22 in 1Q19 and.23 in 2Q19. The past quarter has been decidedly volatile for the Euro, particularly against the US Dollar. British Pound: Maintaining Negative Outlook, key"s: "Yet another quarter has passed and there is still no clarity on Brexit terms between Britain and the. Key"s: "After several rounds of intense negotiations, Italy finally managed to form a government and the new Economy Minister Giovanni Tria reiterated that the new coalition government has no plans to leave the Eurozone and will focus on reducing debt level. Skip To Main Content, aCH Bank Branch Codes, for your easy reference. "We believe the AUD will continue to draw support from positive commodities prices as it waits out the RBA. "Until the RBA decides to hike, this policy rate differential will only widen further, to the detriment of the AUD.". At the start of the quarter, the escalation of the political crisis in Italy triggered heavy selling in the EUR/USD and forced it back down from its high.24 in April to as low.1550 in late May. Prevailing spot reference rate.16.