FW: [Maybank] Asian FX Going Nowhere

 

 

GBL: Asian FX Going Nowhere FX Asia Fortnightly by Saktiandi Supaat FX Research USD/Asians move lower the past two weeks appeared to have stalled as they await fresh external directional cues in the absence of domestic ones. The lack of directional conviction is reflected in the sell-off in Asian assets on Mon. Thailand, whose debt has been among those favored by foreign investors, was sold off today. A similar sell-off was seen in Korea. We look for the Asian currencies to trade sideways in the two weeks ahead until there is directional clarity ... 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.