FW: [Maybank] Uneven USD Strength

 

 

GBL: Uneven USD Strength Global Markets Daily by Saktiandi Supaat FX Research USD index held ground amid upside surprises to US consumer confidence, Chicago PMI data and strong corporate earnings reporting. But USD strength was uneven – more felt against lower yielders such as JPY and CHF and other majors (ex NZD due to superb labor report) while the USD appears softer vs. selected AXJs such as KRW and TWD. Favor EUR downside; USD strength vs. CHF and JPY; KRW and TWD strength and caution for "buy on rumor, sell on fact" for GBP leading into BoE meeting tomorrow... 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.