Asian currencies have been on a roller-coaster ride in the past three months or so. The volatility stems from the recent strong rebound in the USD as the market dialed back the extent of Fed rate cuts in the coming year. Asian currencies rallied strongly against the USD and peaked at the end of September. It was led by the Malaysian Ringgit (MYR), Thai Baht (THB), and Singapore dollar (SGD), Commerzbank’s FX analyst Charlie Lay notes.
“Since then, they have reversed sharply and weakened further against the USD after the US election result. For example, Asian currencies ex-Japan rose 1.8% vs USD on average from the start of the year to the end of September. Since then, they have flipped to -1.8% vs USD year-to-date, representing a near 4% turnaround in just over a month. The more pertinent aspect is that volatility and policy uncertainties will likely persist in the coming months.”
“The top concern will be how forcefully and quickly the new Trump administration will implement its trade policies. For example, President-elect Trump has threatened 10-20% tariffs on all imports arriving in the US and 60-100% tariff on Chinese imports. China and the rest of Asia may tolerate weaker currencies to cushion the impact of tariffs.”
“However, they will also be cognizant of the importance of ensuring investor confidence, which may entail maintaining a certain degree of FX stability. It will be a delicate balancing act for policymakers going forward. In terms of implications for monetary policy, weaker Asian currencies and higher volatility are likely to restrain some central banks from shifting to an overly dovish stance too soon. This is relevant for India and Singapore.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.