Thursday, March 15, 2018

FW: [Maybank] USD Bears Awaiting Trigger

 

 

USD Bears Awaiting Trigger

Global Markets Daily
by Saktiandi Supaat

FX Research

Since Feb, USD has been at a point of inflexion. In a rather quiet week in terms of data, there is also little to inspire directional moves. To be clear, the point of inflection is a stationary point and in the case of the USD, our view is that this is the pause before its continuation of its downtrend. The next trigger for bears could come next week at the Fed Mar meeting, helmed by the new Chairman Jerome Powell. With wages and inflation still subdued, Fed is likely to keep the dots plot...

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