While the greenback has certainly acknowledged Fed Dudley’s warning, markets did not overreact. In fact, GBP

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

USDAXJs To Firm

While the greenback has certainly acknowledged Fed Dudley’s warning, markets did not overreact. In fact, GBP remained stubbornly high, last seen above the 1.30-figure, underpinned by higher PPI for Jul (0.3%m/m vs. the expected 0.2%). The NZD almost completely recovered from its pullback. Stronger dairy auction backed the kiwi along with a solid labour report that suggests rising optimism on the economy. Asian currencies have weakened this morning with KRW and JPY (understandably)...

Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Fiona Lim    (65) 6320 1374    fionalim@maybank.com.sg