Tuesday, December 5, 2017

FW: [Maybank] AXJ Strength On Equity Gains

 

 

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GBL: AXJ Strength On Equity Gains

Global Markets Daily
by Saktiandi Supaat

FX Research

Asian equity markets were mixed this morning. A slew of positive PMI prints from China to Singapore lifted risk appetite even as concerns about the US politics and prospects of a protracted negotiation over tax reforms weighed on sentiments. This allowed Asian FXs to gain against the USD this morning. Additionally, uncertainty over Brexit negotiations weighed on global sentiments and led the GBP to whipsaw overnight. JPY though continued to weaken against the UST on modest gains in UST ...

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