FW: [Maybank] Idiosyncratic, Fundamentals Drove FX Direction

 

 

GBL: Idiosyncratic, Fundamentals Drove FX Direction Global Markets Daily by Saktiandi Supaat FX Research USD was mixed in quiet trade overnight. Idiosyncratic/fundamental factors drove the day with EUR on softer footing on renewed political uncertainty in Germany while MYR maintained strength owing to "upgraded" market perception on its outlook. THB firmed amid strong 3Q growth momentum (+4.3% vs. +3.7% in 2Q) and wide current account surplus (+10.6% of GDP in 2Q) while KRW is at its strongest level (vs. USD) in more than a year amid rising expectations for BoK rate hike soon, strong economic ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@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.