FW: [Maybank] Peer Pressure

 

 

Peer Pressure Global Markets Daily by Saktiandi Supaat FX Research While rates remain rather supported this morning, the USD seems to be on the backfoot against most of G10 and AxJ. USDJPY is bid at around 109.60, possibly the only one that is underpinned by the US rate moves. Also helping is the positive risk appetite. Apart from the strong US data, market players seem to be taking the recent developments positively, possibly also in the hope that the US could give into peer pressure. The international community seems to be banding together against the US... 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.