LIVE BLOG
Asian currencies, stocks rise ahead of Jackson Hole Symposium
The MSCI International Emerging Market Currency Index rose by 0.2 per cent, reaching a fresh record high.
- Tech
- 1 min read
;'%3e%3cpath%20d='m8,15.99c4.41,0,7.99-3.58,7.99-7.99S12.41,0,8,0,0,3.59,0,8s3.58,7.99,7.99,7.99Z'%20style='stroke:%23fff;%20stroke-miterlimit:10;%20stroke-width:.02px;'/%3e%3cpath%20d='m3.08,3.37l3.82,5.11-3.84,4.15h.87l3.37-3.64,2.72,3.64h2.94l-4.04-5.39,3.58-3.87h-.86l-3.1,3.35-2.5-3.35h-2.94Zm1.27.64h1.35l5.97,7.99h-1.35l-5.97-7.99Z'%20style='fill:%23fff;'/%3e%3c/g%3e%3c/svg%3e){kind=small}
Breaking News | Image: Breaking News
Live Blog
We view the Asian currency rebound as a recovery of the losses from the Fed’s 'high for longer' rates stance in the first half of this year. There is scope for the South Korean won, Philippine peso, and Indonesian rupiah to catch up in recovering this year’s losses.
Philip Wee, Senior FX Strategist at DBS, commented on the rebound in Asian currencies:
Philip Wee, Senior FX Strategist at DBS, commented on the rebound in Asian currencies: “We view the Asian currency rebound as a recovery of the losses from the Fed’s 'high for longer' rates stance in the first half of this year. There is scope for the South Korean won, Philippine peso, and Indonesian rupiah to catch up in recovering this year’s losses.”