FW: [Maybank] MAS Tightens; Moody’s Upgrades Indonesia

 

 

MAS Tightens; Moody's Upgrades Indonesia Global Markets Daily by Saktiandi Supaat FX Research Busy morning in Asia with MAS normalising policy by increasing slightly the slope of the SGD NEER policy band (with no change to the centre or width) and Moody's surprise upgrade of Indonesia's credit rating by one notch to Baa2. These moves weighed on the USDSGD and the USDIDR with both touching session lows (of 1.3083 and 13757 respectively) though pair has since rebounded slightly. Yesterday, the HKMA intervened for the first time since 2005 after the HKD sank towards the weak ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@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.