FW: [Maybank] More USD Upside?

 

 

GBL: More USD Upside? Global Markets Daily by Saktiandi Supaat FX Research USD continues to hold on to recent gains while 10Y UST yield firmed. Last seen at 2.31%. Further upside should see USD strength press on against lower yielders (CHF, JPY and even the EUR). USDAXJ may be poised for further upside. Today brings US 2Q GDP and PCE core (Fri). Further upside surprise to data should provide support for the USD. Elsewhere RBNZ kept OCR unchanged at 1.75 % this morning – largely a non-event. Acting Governor Spencer said a lower exchange rate could help to increase.. Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@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.