ASEAN Elementary OutlookHong Kong Invoice signing stored most ASEAN currencies beneath stress final weekUS Dollar could climb vs
ASEAN Elementary Outlook
- Hong Kong Invoice signing stored most ASEAN currencies beneath stress final week
- US Dollar could climb vs SGD, PHP, MYR and IDR on international commerce battle woes
- Philippine Peso in danger to CPI, will US NFPs supply ASEAN FX respiration house?
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US Greenback and ASEAN FX Weekly Recap
Final week was a comparatively quiet one for the US Greenback when evaluating it to a few of its main counterparts. The identical couldn’t essentially be mentioned about its efficiency in opposition to ASEAN FX, the place there was cautious weak spot within the Singapore Greenback, Indonesian Rupiah and Malaysian Ringgit. USD/SGD superior greater regardless of better-than-expected Singapore industrial production figures.
As anticipated, the main focus for a few of these exotics remained on tense developments in US-China trade talks. The latter expressed its displeasure after US President Donald Trump signed the Hong Kong Bill. Specifics of attainable countermeasures from China had been absent, however they reiterated threats of retaliation. The Thanksgiving vacation within the US made for decrease ranges of liquidity, amplifying volatility.
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US-China Commerce Talks – Key Updates
Heading into the final month of…