FW: [Maybank] Still Room For USD/Asia To Go Lower?

 

 

Still Room For USD/Asia To Go Lower? FX Asia Fortnightly by Saktiandi Supaat FX Research The past two weeks have seen broad USD weakness that has weighed on USD/Asians. Leading the way was the MYR followed by the THB and JPY. Bringing up the rear once again was the PHP (falling 1.8% YTD) that remained under pressure from its deteriorating current account deficit. Gains in ASEAN FX were by more than 1.5% YTD (with the exception of the PHP). Aside from market positioning for further upside to Asian FX underpinned by the synchronous global recovery, healthy foreign portfolio ... 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.