FW: [Maybank] SGDMYR – Upside Risk on Monetary Policy Divergence

 

 

SGDMYR – Upside Risk on Monetary Policy Divergence FX Tech Flash by Saktiandi Supaat FX Research While BNM is expected to remain on hold (our house view) for the rest of 2018, MAS on the other hand, could normalise monetary policy with a shift to a "slight appreciation stance" at its next meeting in Apr (our house view). This could present some monetary policy divergence between MAS and BNM and could point to upside risk for SGDMYR. Interim upside risks for SGDMYR, possibly towards 2.98, 3 levels in the lead up to MAS meeting. Bias remains to fade the move. 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.