Thursday, May 24, 2018

FW: [Maybank] Softer UST Yields & USD But Risks Linger



Softer UST Yields & USD But Risks Linger

Global Markets Daily
by Saktiandi Supaat

FX Research

The dollar index climbed to an overnight high of 94.188 not seen since Dec 2017 amid weakness in the EUR. EUR had slipped to a six-month low at 1.1676 following weak manufacturing data that added to concerns of slowing growth in the EU and political risks in Italy. That said, dollar gains were not sustained and UST yields slipped after the FOMC meeting minutes failed to provide a clear rate hike trajectory beyond 2Q 2018. Dollar index eased back below the 94-levels while 10Y UST yield ...


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