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| | | Global Markets Daily
by Saktiandi Supaat |
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| | | USD rebounded overnight as risk sentiment recovers (N.Korean geopolitical tensions faded) while US consumer confidence soared to 16-year high. Asian equities also opened firmer this morning. On FX, KRW was the main beneficiary, gaining 0.4% for the day. Unwinding of safe haven plays may persist today but focus remains on US data – ADP and 2Q GDP later today – upside surprise may help support the USD. But we caution that intensification of hurricane Harvey may pose some risks to Fed's plan of... | |
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