SINGAPORE (Feb 18): The “less hawkish, more dovish” US Federal Reserve statements since December are likely to limit the upside for the US dollar. In a recent report, economists at Maybank-Kim Eng say: “The risks of further or aggressive tightening in Asean central banks’ monetary policy have diminished. Our baseline view is essentially a stable monetary policy stance in Malaysia, Singapore and the Philippines, and modest interest rate hikes in Indonesia and Thailand in 2019.

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