Friday, December 8, 2017

FW: [Maybank] Of Synchronised Recovery, Policy Normalisation and Flattening Yield Curves

 

 

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GBL: Of Synchronised Recovery, Policy Normalisation and Flattening Yield Curves

FX Annual Outlook 2018
by Saktiandi Supaat

FX Research

FX themes in 2018 will be driven by 3 key factors: (1) potential investment recovery and stabilisation in commodity prices support MYR, THN, IDR and AUD; (2) Gradual but differing pace of policy normalisation and we favour long AUD, GBP, NZD and EUR over JPY short; (3) Flatterning yield curves towards inversion, if accompanied by spikes in volatility could force an unwinding of short vol-long carry trades...

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