Friday, January 26, 2018

FW: [Maybank] Will USD Reprieve Last?

 

 

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GBL: Will USD Reprieve Last?

Global Markets Daily
by Saktiandi Supaat

FX Research

The USD rebounded overnight after Trump came out in support of the USD in a TV interview. He said that he ultimately wanted to see a strong USD, which may not be necessarily out of sync with Treasury Secretary Mnuchin's earlier comments that a weak USD was beneficial to the US economy. EUR also saw gains after ECB President Draghi failed to jawbone the common currency as some in the market had expected. In Asia, the rebound in the USD weighed on AXJs overnight but selected AXJs have since ...

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