马来亚银行外汇下半年展望报告

　　Developments & 2H Outlook 

　　Asia FX - Regional Overview   

　　Short Term View – Ebb and Flow of Global Risk Sentiment. Shifts in global risk sentiment has continued to be a key driver in emerging market currencies year to date and particularly so  over the past few weeks. Risk appetite seems to be waning now on the back of concerns of a global growth slowdown, following weak economic data from the US and China in the past month or so, uncertainty about Greece’s second bailout, more recently contagion fears to Italy’s banking system and disconcerting US political state of play with regards to raising its debt ceiling.