FW: [Maybank] USD Rebounds

 

 

USD Rebounds Global Markets Daily by Saktiandi Supaat FX Research USD rallied overnight amid a rebound in UST yields past the 2.90% levels, helped by hawkish comments from Fed speakers and better-than-expected US data. AXJs were mostly weaker against the USD consequently with the IDR falling to a new 2018 low of 13821 this morning. It also did not help that the AXJs that oil prices remained elevated with Brent crude still climbing above the USD70/bbl levels and WTI edging towards USD70/bbl. Still, the pullback in metal prices is weighing on ... 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.