Currency

ANZ still thinks that the US dollar is likely to strengthen against Asian currencies over the next two years, despite its recent stumble. “While the current Fed policy normalisation is gradual and we believe that Asian economies are well placed to weather it, we continue to expect further USD strength against Asian currencies,” says Khoon Goh, head of Asia research at ANZ. “There will be a further narrowing in the yield differential between US and Asia, and higher US bond […]