Thursday, January 25, 2018

FW: [Maybank] ECB Meeting In Focus

 

 

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GBL: ECB Meeting In Focus

Global Markets Daily
by Saktiandi Supaat

FX Research

The sell-off in the USD overnight extended into the Asian session, though the USD is off its lows of 80.159. EUR continues to make gains ahead of ECB meeting today but we caution for the risk of near term pullback should ECB fail to satisfy market expectations as well as possible "talking down" of the currency amid political risk events. In Asia, broad USD weakness has sent most USD/AXJs to multi-month lows. Concerns of a trade war are weighing on sentiments with Asian equity markets ...

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