FW: [Maybank] (Geo)Politics Driving FX

 

GBL: (Geo)Politics Driving FX Global Markets Daily by Saktiandi Supaat FX Research USD continued to trade firmer against most currencies including EUR, NZD, AXJs but softer against safe haven currencies including JPY and CHF. Geopolitical tensions re-escalated overnight after North Korean Foreign Minister Ri Yong Ho described Trump's recent comments as declaration of war and it is within rights for them to shoot down US bombers even if they don't cross into the isolated nation's airspace. Gold prices rose above US$1,300. US stocks fell, led by tech stocks while energy stocks.. Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.