Bank of America anticipates a chaotic period for Asian currencies, seeing the Chinese yuan, South Korean won, Taiwan dollar, Thailand baht, and Vietnamese dong as bearish.
Bank of America expects a "chaotic era" for Asian currencies, stating it is not bullish on any of them. The investment bank has identified the Chinese yuan, South Korean won, Taiwan dollar, Thailand baht, and Vietnamese dong as particularly bearish, while others are neutral at best. These currencies have been negatively impacted by a delayed Federal Reserve easing cycle and sustained strength in the U.S. dollar.
April 24, 2024
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