The pair’s outlook remains tilted to the neutral side, reiterated the research team at UOB Group. Key Quotes “The recent pick-up in downward momentum fizzled out quickly as USD rebounded strongly from a low of 112.20”. “We have held a neutral view since the middle of last month and at this stage, there is no change in our outlook”. “Further choppy can be expected, likely in a broad 112.00/114.00 range”. For more information, read our latest forex news.