Tuesday, August 29, 2017

FW: [Maybank] Demand for Safe Haven

 

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GBL: Demand for Safe Haven

Global Markets Daily
by Saktiandi Supaat

FX Research

JPY was the big beneficiary this morning, following re-escalation of geopolitical tension. Foreign media claimed North Koreans fired an intermediate-range missile that is believed to have flown over Hokkaido and landed off the eastern coast of Hokkaido. In response, S.Korea President Moon ordered military to stage show of force, conducting drills dropping bombs. 1m USDKRW NDF was last seen at 1128 levels – a near 1% rise from yesterday's close. Equity markets are off to a soggy start with ...

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