Highlights of the week:
·
The surprise move of both BoJ and RBNZ to hold their monetary
policy unchanged leads to some sharp swings in the forex markets
·
The Eurozone M3 rise to 5.0% in March, up from February,
suggests a continue gradual recovery in the credit cycle
·
Bank of Japan surprises the market by holding off on expanding
monetary stimulus
·
RM down slightly against the USD as local equity plunges and
Malaysia 5Y CDS increases
Local govvies see sell-off across the curve due to lower risk sentiment
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