5 June 2018
Rates & FX Markets Monthly Review
Strong USD Momentum Resonated Across Asian FX
Highlights
¨ US & UK: The USD continued to rise in May.
¨ Eurozone: The Italian political turmoil sent the EURUSD pair close to 1.15.
¨ Japan & Australia: Safe haven flows benefitted to the Japanese Yen.
¨ China & Singapore: 10y CGB yields back to pre-easing level; Singapore upgraded growth forecasts to 2.5-3.5%.
¨ Thailand, Malaysia & Indonesia: BI rate hikes stabilized investors’ confidence.
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