FW: [Maybank] Leaning-Against-The-Wind Moves Could Cap AXJ Upside

 

 

, GBL: Leaning-Against-The-Wind Moves Could Cap AXJ Upside FX Asia Fortnightly by Saktiandi Supaat FX Research The AXJs have started 2018 on an upbeat note. In the first two weeks of the new year, the AXJs have generally strengthened against the USD. In ASEAN, the THB, MYR and IDR have been all risen by over 1% against the USD since the start of the year. The laggard remains the PHP, which dipped 0.8% against the USD so far this year. Driving the ASEANs higher the foreign inflows into the local debt markets on carry trade plays and the synchronous global recovery ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.