FW: [Maybank] Of Synchronised Recovery, Policy Normalisation and Flattening Yield Curves

 

 

GBL: Of Synchronised Recovery, Policy Normalisation and Flattening Yield Curves FX Annual Outlook 2018 by Saktiandi Supaat FX Research FX themes in 2018 will be driven by 3 key factors: (1) potential investment recovery and stabilisation in commodity prices support MYR, THN, IDR and AUD; (2) Gradual but differing pace of policy normalisation and we favour long AUD, GBP, NZD and EUR over JPY short; (3) Flatterning yield curves towards inversion, if accompanied by spikes in volatility could force an unwinding of short vol-long carry trades... 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.