FW: [Maybank] Strong Gains in KRW and MYR

 

 

Strong Gains in KRW and MYR Global Markets Daily by Saktiandi Supaat FX Research 1m USDKRW continued to drift lower as geopolitical and trade tensions eased further. US have reached an agreement in principle with South Korea on the bilateral FTA. Kim's visit to Beijing and willingness to hold US summit is a strong commitment for denuclearisation and this should help to ease geopolitical tensions further and support gains in KRW. USDMYR traded sharply lower this morning to fresh 23-month low of 3.8570 levels. We continue to hold to our long-held bias for further gains in MYR. 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.