FW: [Maybank] AUD – Bears Could Stay A Little Longer

 

 

AUD – Bears Could Stay A Little Longer FX Flash by Saktiandi Supaat FX Research AUDUSD has been dragged by a combination of USD strength and lacklustre risk appetite. The pair saw an initial bounce this morning after the release of the stronger wage price index for 4Q but the IMF article IV consultation report on Australia, urging RBA to keep its monetary policy accommodative erased AUD gains. In an environment of USD resurgence and possibly slower creep up in wage growth, we see risks of bears extending their stay and the recovery in the AUD to be a little delayed... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@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.