FW: [Maybank] USD on a Softer Footing

 

 

USD on a Softer Footing Global Markets Daily by Saktiandi Supaat FX Research USD declines show further signs of gaining traction. Fed's Bullard said US interest rates have already returned to neutral, with no further increases necessary to meet the inflation target. We believe the latest development suggests that current pace of Fed monetary policy normalisation remains appropriate and this should dispel fears that Fed may quicken its pace of normalisation. We reiterate that the current USD rally since mid-Apr is temporary. We look for USD gains since mid-Apr to reverse. Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.