FW: [Maybank] RMB – Opportunity To Short

 

 

RMB – Opportunity To Short FX Flash by Saktiandi Supaat FX Research USDCNH has been in a range but will this period of "stability" last? We think there is risk of USDCNH moving higher ahead of some USD-moving events – most notably ECB meeting tonight, US' tariff on steel and aluminium, NFP and FOMC meeting. We see a tactical opportunity to short the CNH against USD in an increasingly event-packed month of Mar, looking for a target at 6.42... 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.