FW: [Maybank] USD – Pause or More Room for Weakness?

 

 

, GBL: USD – Pause or More Room for Weakness? FX Insight by Saktiandi Supaat FX Research DXT traded below 89-handle, for the first time in more than 3 years yesterday. The move lower in the USD was already underway but comments from Treasury Secretary Mnuchin added fuel to fire. He said "a weaker USD is good" for US economy via trade and opportunities. However Trump's subsequent comments overnight (25 Jan) - "Dollar is going to get stronger and stronger" saw a rebound in the USD. That said we believe broader term shifts are underpinning USD downtrend. We also shared DXY forecast... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@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.