FW: RHB FIC Rates & FX Markets Monthly Review - 10/10/2017

 

 

10 October 2017

 

 

Rates & FX Markets Monthly Review

 

 

Jump in December FFR Hike Probability on Hawkish Fedspeak

 

Highlights

 

¨    US & UK: US Treasury yields climbed against the backdrop of stronger December rate hike probability.

¨    Eurozone: A stronger USD weighed on the EURUSD pair as no major catalyst eroded the rather positive common currency medium term outlook.

¨    Japan & Australia: USDJPY moved higher into its long term range; RBA downplayed near-term liftoff expectations.

¨    Developed AxJ: Broad hawkish expectation globally feeds into upcoming MAS MPS expectations.

¨    Emerging AxJ: Robust MYR performance supported by brighter economic outlook; IDR under mild pressures, while BI vowed macroeconomic stability.

 

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