Friday, April 20, 2018

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 ...


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