Friday, March 17, 2017

USD/FX consolidated overnight, with most USD/Asia FX still near recent lows. GBP was the outlier, jumping abov





Global Markets Daily
by Saktiandi Supaat


FX Research





USD/FX consolidated overnight, with most USD/Asia FX still near recent lows. GBP was the outlier, jumping above 1.23-handle on BoE surprise. EUR was supported after Netherlands General Election saw no negative surprise (incumbent PM Rutte secured 33 seats while Far Right party leader lost momentum with only 20 seats). Commodity prices including gold, base metals, and iron ore remain well supported. Day ahead, we expect USD to remain broadly softer. EM higher yielders such as IDR, INR could..

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