FW: [Maybank] BoK Hikes

 

 

GBL: BoK Hikes Global Markets Daily by Saktiandi Supaat FX Research BoK hiked rates for the first time since 2011. Reaction on FX market was muted as this move was largely priced in. Onshore spot was last seen at 1084 levels. We do not rule out profit-taking plays. On markets overnight, USD held ground amid solid 3Q GDP data (revised higher to 3.3% from 3%). This is slightly above the maximum sustainable level as estimated by the Congressional Budget Office. GBP rose above 1.34-handle on talks of potential payment of EUR50bn to EU ... 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.