Friday, October 27, 2017

FW: [Maybank] Asian Currencies Under-Pressure

 

 

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GBL: Asian Currencies Under-Pressure

Global Markets Daily
by Saktiandi Supaat

FX Research

USD index rebounded strongly, helped by the ECB's dovish tapering that dragged the EUR lower, passage of the House's budget bill that paved the way for tax cuts by year-end, rumours that Yellen is out of the race for Fed Chair and for a potential hawk to replace her, and finally the surge in equities on strong tech company earnings reports. These helped to also send UST yields higher overnight with the 10Y yield climbing above the 2.46% levels...

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