Asia FX outlook improves as hesitant Fed chains dollar - poll

Asia FX outlook improves as hesitant Fed chains dollar - poll
 

The outlook for emerging Asian currencies has brightened somewhat in recent months, as receding expectations of rapid rate hikes in the U.S. restrain the dollar and China's economy shows tentative signs of stabilising, a Reuters poll found.
While the consensus from more than 70 foreign exchange strategists polled over the past week was for most major Asian currencies to depreciate 1-3 percent by this time next year, a few were even expected to make modest gains.
The Chinese yuan, Indian rupee, Thai baht and Indonesian rupiah are all expected to weaken less that previously thought over the... read more

 
6 October 2016 in Business, Views: 36
Source: Reuters
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