Wednesday, November 1, 2017

FW: [Maybank] 2017, Issue 10: Upside Risk from US Tax Reform Developments

 

 

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GBL: 2017, Issue 10: Upside Risk from US Tax Reform Developments

FX Monthly
by Saktiandi Supaat

FX Research

We are revising EUR, NZD, AUD forecasts weaker whilst revising KRW, IDR and THB stronger. Given latest positive developments in the US tax reforms timeline, we have revised 1H 2018 forecasts to reflect an earlier than expected USD strength. The USD DXY forecast has been adjusted higher in 1Q 2018 and lower in 2Q 2018 accordingly as a result of the combined changes above on the index...

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