FW: [Maybank] USD Funding Demand on the Rise into Year-End?

 

 

GBL: USD Funding Demand on the Rise into Year-End? FX Flash by Saktiandi Supaat FX Research Year-end USD funding demand appears to be on the rise again. USD basis swap spreads vs. EUR and JPY have widened again, a seasonal occurrence over the past 5 Decembers. 3m EURUSD basis spread widened to 1-year low of -58bps while JPYUSD basis spread swaps widened to -51bps. Demand for USD funding typically leads to USD strength and probably explains the seasonality factor supporting USD into year-end. 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.