ASEAN Elementary Outlook
- US Dollar fell on Fed charge lower bets and US-China commerce deal hopes
- SGD, MYR, IDR and PHP might maintain rising as commerce conflict fears ebb
- Financial institution of Malaysia, Indonesia and Philippine GDP+CPI, PMI due
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US Greenback and ASEAN FX Weekly Recap
The US Greenback underperformed towards its main counterparts this previous week, and its weak point unfold into ASEAN and southeast Asia currencies. People who did notably nicely had been the Philippine Peso, Singapore Greenback and Malaysian Ringgit. The Indonesian Rupiah was comparatively flat, maybe owed to softer-than-expected native CPI knowledge. Headline Indonesian CPI was 3.13 p.c y/y in October versus 3.29% anticipated.
A lot of the Buck’s weak point could possibly be derived from final week’s Fed interest rate decision and progress in US-China commerce talks. The US central financial institution lowered charges for a 3rd time this yr, however…