FW: [Maybank] Geopolitical Risk To Continue?

 

GBL: Geopolitical Risk To Continue? Global Markets Daily by Saktiandi Supaat FX Research USD started the week soft amid the re-emergence of geopolitical tensions over North Korea. USD had actually firmed earlier on Fri in the NY session following the payrolls release. Though NFP came in at -33k (vs. cons.: +80k), wage growth surprised to the upside while unemployment fell to multi-year lows. 10Y UST yields though continue to climb higher to 2.359% levels. We continue to expect the USD to trade higher towards year-end, even though some short-term downside risk exists ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.