FW: [Maybank] Trade Tensions Unwinding

 

 

Trade Tensions Unwinding Global Markets Daily by Saktiandi Supaat FX Research Report that US and China are said to be discussing access to China markets brought a mild relief to markets. USDJPY traded to intra-day high of 105 levels while antipodeans are also near its intra-day high. That said risk sentiment remains jittery and "messy". Fears of trade war rising can quickly reverse sentiment. Trade war could pose risks to synchronised economic recovery and derail broad USD downtrend. That said we expect broad USD downtrend to resume on unwinding of trade tensions. 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.