USD strength persists, with DXY touching fresh 7-month high of 98.10 levels. Some Asian currencies including the THB and PHP are at multi-month lows vs the USD on weak investor sentiment. GBP re

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

Trend Is Your Friend

USD strength persists, with DXY touching fresh 7-month high of 98.10 levels. Some Asian currencies including the THB and PHP are at multi-month lows vs the USD on weak investor sentiment. GBP remained soft as uncertainty looms over Britain’s exit strategy. Oil prices came under renewed downside pressure after OPEC reported that production rose to highest level in at least 8 years despite plans of OPEC cutting supply with Russia as well as reports of increase in US crude stockpiles...

Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg