FW: [Maybank] Risk-Off Sentiments Could Limit AXJ Upside

 

 

, GBL: Risk-Off Sentiments Could Limit AXJ Upside by Saktiandi Supaat FX Research AXJs are mostly higher as USD remains rattled on UST concerns. Risk-off sentiments this morning though, which is sparking a sell-off in equities, could weigh on the Asian currencies and limit upside intraday. The majors on the other hand were jolted by idiosyncratic factors. AUD jumped on retail sales, while the EUR rebounded ahead of ECB minutes. GBP remained lower on mixed data, CAD weakened on NAFTA concerns, and the Kiwi retraced gains after reaching 3-month highs ... 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.