Thursday, September 14, 2017

FW: [Maybank] USD Boosted

 

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GBL: USD Boosted

Global Markets Daily
by Saktiandi Supaat

FX Research

USD received a boost overnight, on headlines that US tax reform outline will be announced in the coming week of 25 Sep. Speaker of the House Paul Ryan said that tax reform outline reflects consensus of lawmakers, administration. USD rose against most currencies, including JPY and KRW. USDSGD also firmed back above 1.35-levels. Oil firmed on renewed forecasts of demand growth (IEA). Both precious and base metals remain under pressure. Crytocurrencies such as Bitcoin declined further, falling ...

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