Wednesday, August 16, 2017

FW: [Maybank] USD Higher


GBL: USD Higher

Global Markets Daily
by Saktiandi Supaat

FX Research

The USD strengthened, buoyed by the USDJPY upmove as risk-off plays continue to unwind. UST yields started to climb even in early Asia and were given another boost when retail sales came in double the median forecast at 0.6%m/m. The Jun print was also revised to a growth of 0.3%m/m from the previous decline of 0.3%. Empire manufacturing came in at 25.2 vs. the expected 10.0. Strong spending numbers and activity data lifted the UST yields and DXY index overnight. Even USDCNH tested past the ...

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