• China’s strong BoP continues to offset risks from slower growth and heightened financial stability concerns. We remain bullish CNH.
• Given rising tensions with China, higher oil prices and equity outflows, we see scope for USD/TWD to move higher.
• RBI efforts to reduce the liquidity surplus should start to support INR. We expect the rupee to consolidate after the recent bout of weakness.
• BoK intervention should limit further near-term weakness in KRW. We remain bearish on a medium-term view, but do not see USD/KRW above 1200 in the near term.
• Singapore’s shift back to appreciation bias for S$NEER leaves scope for a 1% p.a. gain.
• China’s strong BoP continues to offset risks from slower growth and heightened financial stability concerns. We remain bullish CNH.
• Given rising tensions with China, higher oil prices and equity outflows, we see scope for USD/TWD to move higher.
• RBI efforts to reduce the liquidity surplus should start to support INR. We expect the rupee to consolidate after the recent bout of weakness.
• BoK intervention should limit further near-term weakness in KRW. We remain bearish on a medium-term view, but do not see USD/KRW above 1200 in the near term.
• Singapore’s shift back to appreciation bias for S$NEER leaves scope for a 1% p.a. gain.
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