Spain 3-Month Letras Auction dipped from previous 1.918% to 1.908%

Euro (EUR) is likely to trade in a range between 1.1535 and 1.1575. In the longer run, there is no change in view; EUR is likely to trade in a range of 1.1485/1.1610 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.