Fwd: [Maybank] No Love for the Greenback

No Love for the Greenback Global Markets Daily by Saktiandi Supaat FX Research It was a choppy session for markets overnight around the release of US Inflation data. Initial market reaction to slightly higher than expected US CPI saw USD gains while US equities were in the red. But direction was soon reversed. Broad USD downtrend is likely to remain in place and we see opportunities for RV plays in Asia, favouring currencies that benefit from the export-led recovery and commodity price rebound. We continue to favour MYR, SGD, THB CNY, KRW, TWD and AUD over ... 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.