FW: RHB FIC Rates & FX Market Monthly Review - 4/1/18

 

 

4 January 2018

 

 

Rates & FX Markets Monthly Review

 

 

Dollar Finished Year 2017 on a Soft Footing

 

Highlights

 

¨   US & UK: Fed delivered the 3^rd hike for 2017 with 2 dissents, with the measure fully expected by market participants.

¨   Eurozone: EURUSD finished Year 2017 with a 1.20 handle.

¨   Japan & Australia: AUDUSD climbed more than 3% m-o-m on upticks in iron ore prices amid thin trading.

¨   China & Singapore: PBoC hiked OMO rates post-FOMC.

¨   Thailand, Malaysia & Indonesia: Both BoT and BI likely to retain their neutral policy stance.

 

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