Report9 January 2018Updated 5 months ago

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 


Tags
FX Asia