FW: [Maybank] Flee, USD Flee

 

 

Flee, USD Flee Global Markets Daily by Saktiandi Supaat FX Research Equities reeled when Trump kicked Secretary of State Rex Tillerson out of the White House last night. Market players dumped the greenback when news broke that Trump replaced Tillerson with CIA director Mike Pompeo. Flight to safety (not to the USD) was evident as US treasuries firmed and crude came off overnight. The USD only regained its foothold against specific currencies thereafter, including the CNH, CAD and AUD – perhaps the currencies more affected by the US trade policies and... 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.