FW: [Maybank] All Eyes On Powell This Week

 

 

All Eyes On Powell This Week Global Markets Daily by Saktiandi Supaat FX Research The USD failed to sustain gains from last week post-Fed Report to Congress on Fri as the report failed to provide fresh cues. This lack of directional clarity weighed on UST yields, sending 10Y yields back to the 2.85% levels and supported the stock markets higher. This in turn has turned the Asian equity markets in a sea of green, supportive of Asian FXs this morning. Still, there could be upside risks to rates as Powell's first appearance in Congress as Fed Chair later this week ... 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.