Friday, March 2, 2018

FW: [Maybank] 2018, Issue 2: Familiar Uncertainties in a Normalizing World

 

 

2018, Issue 2: Familiar Uncertainties in a Normalizing World

FX Monthly
by Saktiandi Supaat

FX Research

We revised AUD lower against the USD this month as we anticipate slower wage growth recovery to weigh on inflation and the AUD. Market jitters and heightened volatility could see bears linger a while more. KRW was revised lower in light of intensification of US protectionism measures (imposing tariffs on imports of washing machines, solar panels and possibly on steel in Apr) that could impact Korean imports, worsen sentiment and impede KRW gains. Uncertainty on Fed's rate hike trajectory is ...

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