Saturday 03 Jun 2023
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HONG KONG/DUBAI (April 19): The currencies of Malaysia, Australia, Canada and Singapore will benefit from higher commodity prices, Maybank’s Singapore-based head of FX research Saktiandi Supaat says in an interview with Bloomberg Television.

* These currencies have upside against the yen

* On top of higher metal prices such as aluminum, the bank is also looking at gain in crude oil

* There may be concern intermittently that Fed will quicken the pace of interest-rate increases, which potentially supports the dollar

* Doesn’t expects the Treasury yield curve to invert in the short term

* NOTE: Canadian and Australian dollars have outperformed against their G-10 peers this month as Bloomberg Commodity Index has gained 3.9%


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