FW: [Maybank] AUD and MYR in the Lead This Morning

 

 

GBL: AUD and MYR in the Lead This Morning Global Markets Daily by Saktiandi Supaat FX Research AUD jumped in early trade this morning after NAB Business Conditions rose to record highs while MYR continues to hold on to gains building on momentum from BNM MPC meeting last Thu (interpreted as a hawkish tilt) and DPM's mention of General Election within 180 days (ahead of Aug-2018). We had previously shared that MYR tends to strengthen in the lead-up to elections (as seen in previous episodes). That also put downward pressure on SGDMYR. In the USD space, focus remains on CPI... 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.