FW: RHB FIC Rates & FX Market Monthly Review - 6/2/18

 

 

6 February 2018

 

 

Rates & FX Markets Monthly Review

 

 

USD Weakened Across the Board; BNM Raised OPR by 25bps to 3.25%

 

Highlights

 

¨   US & UK: The USD experienced its worst start of the year in thirty years.

¨   Eurozone: The EURUSD hit 1.2500 our year-end target.

¨   Japan & Australia: BoJ’s operations under the spotlight.

¨   China & Singapore: Positive data momentum persisted in China.

¨   Thailand, Malaysia & Indonesia: BNM lifted OPR by 25bps to 3.25%; BI stand pat as expected.