Monday, October 30, 2017

FW: [Maybank] Awaiting Trump’s Fed Chair Appointment

 

 

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GBL: Awaiting Trump's Fed Chair Appointment

Global Markets Daily
by Saktiandi Supaat

FX Research

USD index is trading softer ahead of FOMC meeting, Fed Chair appointment and key economic data this week. Rumours swirling around currently are that Jerome Powell is favoured for the Fed Chair, leading markets to price in lower UST yields and softer USD. Still, we caution that USD index could rebound towards 95.90 levels should Trump appoint Taylor or data surprise on the upside. BOJ, FOMC and BoE policy meetings on Tue and Wed will be eyed for directional cues ...

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