Friday, November 25, 2016

The USD Bulls Spare No One





The USD Bulls Spare No One
by Saktiandi Supaat


FX Research





USDAXJs reached record highs and it was the ones that have seen the most stability in 2016 that grabbed headlines. USDINR touched 68.86 yesterday and USDVND recorded a high of 22768. The USD surge certainly spared no one and EM bonds are also unraveled by the relentless rise in the UST yields. In the meantime, USDJPY was last seen around 113.80. Into the weekend, USDAXJs are likely to remain bid but the retreat in the DXY index in the absence of onshore US markets overnight could rein in a ...

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