Wednesday, September 6, 2017

FW: [Maybank] USD Sold

 

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GBL: USD Sold

Global Markets Daily
by Saktiandi Supaat

FX Research

Fed speakers were rather dovish overnight, flagging concerns over the impact of Hurricane Harvey on the economy and employment. Low inflation is also a reason for Fed Kashkari to sound caution over further rate hikes. Market sentiment was soured further by headlines of Hurricane Irma strengthening to an "extremely dangerous" Category 5. USDJPY slipped under the 109-figure. In fact, there was broad USD weakness, not helped the least by the -6.8%m/m slide in durable goods new orders for Jul...

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