Good MornING Asia - 2 July 2018

The euro is swinging around on the spat between German Chancellor Angela Merkel's CDU party and their Bavarian CSU coalition partners - a weaker euro typically means weaker Asian FX. We are revising our USD/CNY forecast to 7.0 by the end of 2018

In this bundle

Opinion

EUR whipped around by Merkel fears

The euro is swinging around on the spat between German Chancellor Angela Merkel's CDU party and their Bavarian CSU coalition partners - a weaker euro…

China

Why we're revising our yuan forecast down again

We are revising our USD/CNY forecast to 7.0 by the end of 2018. But there's no panic in the market and we don't expect a repeat of August 2015

Indonesia

Indonesia: A surprise 50 basis point rate hike

Bank Indonesia (BI) is aggressively promoting stability with a surprise 50 basis point rate hike. The move, together with a continued aggressive hawkish…

Thailand

Thailand: Current account surplus narrows in May

We don’t think the recent revision of our end-2018 USD/THB forecast to 33.8 from 32.3 is the last revision. We are looking for a further downgrade…