Tuesday, September 12, 2017

FW: [Maybank] USD Firms

 

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GBL: USD Firms

Global Markets Daily
by Saktiandi Supaat

FX Research

USD drifted higher, tracking risk sentiment as Hurricane Irma proved less devastating than feared (downgraded to category 2) while UN sanctions on North Korea were watered down (left out oil embargo and naval blockade). UST yields rose back above 2.1% levels while US equities firmed over 1%. USD traded higher against most currencies, in line with our caution for rebound risks. We still expect USD to firm further in the near term...

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