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Oil fell along with equities in the European and NY
session. The dollar index rose to the 97-figure, on the back of the poor
German ZEW release and IMF global growth downgrade. Asian baskets was
mixed with SGD, PHP and MYR on the backfoot whilst INR, CNY, KRW and TWD
stronger against the USD by the end of Tue. We stick to our call that
SGDCNY and MYRCNH are at risks of retracements. In fact, we are likely to
see a pause in depreciation of the CNY against its CFETS basket...
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