FX
Asia: The easy bit is over
Asian FX faces a more challenging year than the previous one unless the stars come into perfect alignment. We think that is unlikely
Executive summary
- Asian exporters have performed well this year, but may face some headwinds in 2018 if oil prices turn lower and Middle East demand for Asian exports soften
- Outperformers in the FX space should be KRW – buoyed by Korea’s market leader position in the semi-conductor sector. MYR should continue its recovery
- The INR and, in particular the PHP, should prove the underperformers as their external positions deteriorate through 2018
This report is part of our 2018 FX outlook published December 2017
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10 January 2018
Asia economic round-up This bundle contains 5 articles
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more