FW: [Maybank] Cautious Fed

 

 

GBL: Cautious Fed Global Markets Daily by Saktiandi Supaat FX Research Disappointing durable goods report and FoMC minutes (released overnight) drove the UST yields and USD lower across the board. Amongst AXJs, Ringgit remains the clear winner, with USDMYR traded below 4.10. This is level not seen since Nov-2016. Day ahead could be relatively quiet with US and Japan out for Thanksgiving holidays. Suggest range-bound trade for USDJPY (110.90 – 111.60), USDKRW (1085 – 1095) and USDSGD (1.3450 – 1.3530). 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.