Friday, August 18, 2017

FW: [Maybank] Risk Appetite Dries Up



GBL: Risk Appetite Dries Up

Global Markets Daily
by Saktiandi Supaat

FX Research

Wall Street tumbled at the start of the session, weighed by news of a terrorist attack in Barcelona. Risk-off plays resume with UST yields falling below 2.20%, gold making headway towards the psychological-1300-figure and USDJPY back at mid-109 levels. CHF was the only other G10 currency that gained against the greenback on Thu while the rest depreciated as risk appetite dries up. Elsewhere, GBP moves were choppy with post-retail sales gains pared quickly.

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