FW: [Maybank] Awaiting ECB Decision

 

 

GBL: Awaiting ECB Decision Global Markets Daily by Saktiandi Supaat FX Research USD index slipped lower following downside surprises from earnings reports overnight even as US data were strong. The pullback in equities spurred risk-off sentiments, sending UST yields lower and gold prices firmer. Lower UST yields today could see a return of foreign investors into riskier assets that had been unwound yesterday, which should weigh on USD/Asians intraday, including the IDR and INR. How much further can the reduction in long-USD positions continue would depend on ECB decision... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@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.