Tuesday, December 12, 2017

FW: [Maybank] Softer AXJs

 

 

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GBL: Softer AXJs

Global Markets Daily
by Saktiandi Supaat

FX Research

Supported risk sentiments lifted Asian equity markets broadly higher that help mitigate some of the gains in the USD/AXJs. Markets remain on edge ahead of the FOMC meeting this Thu where focus is on the dots plot projection for directional cues. A more aggressive projection would be supportive of the USD and lift the USD/Asians higher. A rebound in commodity prices, particularly oil on the back of North Sea oil supply shut down and copper, should be supportive of commodity-linked currencies ...

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