Wednesday, March 29, 2017

USD regained strength overnight on the back of solid consumer confidence which came in at 12





Global Markets Daily
by Saktiandi Supaat


FX Research





USD regained strength overnight on the back of solid consumer confidence which came in at 125.6 (16-year high). The Mar print was a jump from the previous 116.1. Fed Fischer’s words also helped as he reiterated the likelihood of two more rate hikes. UST 10yr bounced towards 2.42%, last seen within striking distance of the level in early Asia. The strong consumer confidence as well as talks of Trump meeting National Economic Council head Gary Cohn to discuss tax reforms rekindled the reflation...

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