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| | | Global Markets Daily
by Saktiandi Supaat |
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| | | Fear of N.Korea launching ICBM did not materialize over the weekend. Instead they held a party to celebrate the recent launch. Safe haven plays unwound, led by JPY and CHF while SGD and RMB also weakened. EUR retraced recent gains while USD enjoyed a brief respite (though still weighed by Hurricane Harvey and Irma). Recent unconfirmed headlines on China removing RR on sale of FX derivative and policymakers' concerns on pace of RMB gains may see some retracement to the upside for USDRMB, and... | |
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