Thursday, January 11, 2018

FW: [Maybank] ASEAN FX – Off To A Good Start In 2018

 

 

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GBL: ASEAN FX – Off To A Good Start In 2018

FX Insight
by Saktiandi Supaat

FX Research

The ASEAN currencies are off to a good start for 2018, led by the MYR, THB and IDR which have risen by over 1.0% against the USD in the first week of the new year. The gains in ASEAN FX have been supported by foreign inflows into ASEAN equity and debt markets. The positive sentiments emanating from synchronous cyclical global recovery have benefitted trade-dependent and commodity-linked currencies. The resulting demand for ASEAN FX has helped to sustain gains in the currencies so far in 2018 ...

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