FW: [Maybank] AXJs Driven by CNY and USD

 

 

AXJs Driven by CNY and USD Global Markets Daily by Saktiandi Supaat FX Research Markets could be stuck in a holding pattern ahead of the long weekend in Asia starting Thu (for CN, KR, TW) which could see market liquidity thin and US CPI data release tomorrow. Apart from US inflation and UST yields, CNY is a key risk to watch as it seems to affect AXJs in a similar direction. The relatively sharp jump this morning from 6.32 to 6.3350, led USDAXJs to trade near their intra-day high while the sharp appreciation in CNY last month saw most AXJs appreciating. In the ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@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.