FW: [Maybank] ASEANs Could Strengthen Post-Chinese New Year

 

 

ASEANs Could Strengthen Post-Chinese New Year FX Asia Fortnightly by Saktiandi Supaat FX Research After the great start in Jan, Asian FX has had a rude shock. Since our last FX Asia Fortnightly, Asian equities and debt have been sold off in the wake of rising global yields on inflation concerns. The sell-off has led to a reduction in short USD/Asian positions so far in Feb. The SGD and KRW have been the worst performing currencies to date, falling by 1.7% and 1.8% respectively against the USD. There are concerns that this correction still has legs to go ... 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.