Daily Market Report (13 June 2019)
- Expectations of further rate cut in the US has heightened with the US 10-year yield declined to 2.12% yesterday from the year high of 2.79% earlier this year.
- It is now widely anticipated that there may be two rate cuts by end 2019. In view of this, we can also anticipate that the US dollar to experience some weaknesses ahead.
- Meanwhile, crude price volatility continued with the Brent now trading at below the US$60/barrel due to higher than expected stockpile in the US.