Asian fx net

Description:In general, as the fall-out from Brexit for emerging Asia is likely to be limited and most Asian economies are quite resilient, Asian FX will probably do relatively well among EM currencies in case of global risk aversion. In addition, economic growth is projected to be boosted by about 0. The deleveraging and restructuring process will take several years. Asian currencies have been resilient post Brexit… Asian currencies have been relatively resilient post Brexit for several reasons. For starters, the Chinese yuan is expected to be weaker than our previous forecast please see below for more details. However Asian central banks are unlikely to tolerate strong gains in their currencies given weak exports and inflation outlook. Asian central banks have also been reportedly supported their currencies through interventions.

Views: 8788 Date: 2018-07-21 Favorited: 35