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Good MornING Asia - 2 July 2018

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

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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

Quick take

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…

Yuan USDCNY Trade wars Trade Wars THB Thailand Policy rate Monetary Policy Indonesia IDR External payments European politics China Bank Indonesia

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