FW: [Maybank] More USD Strength?

 

 

GBL: More USD Strength? Global Markets Daily by Saktiandi Supaat FX Research Sep manufacturing ISM data soared to more than 13-year high of 60.8 (vs. 58.8 in Aug). Activity remains robust and validates our view that US growth momentum remains intact and supports the case for a rate hike in Dec. We believe markets are potentially under-pricing inflation. Hurricanes Harvey and Irma should be inflationary when rebuilding efforts kick in. On rates expectations, markets are only pricing in 2/3 chance of 25bps rate hike in Dec 2017 and less than 25bps hike ... 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.