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... 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.