The Fed is set to cut rates this year. Here are the Asian currencies that stand to benefit
Publishing timestamp: 2024-02-18 19:12:55
Summary
A weak U.S. dollar is positive for emerging markets, with Indian rupee likely to strengthen due to carry trades and slower monetary policy changes by the Reserve Bank of India. South Korean won is expected to benefit from improving economic prospects and Fed easing. Chinese yuan is expected to stabilize due to fiscal stimulus measures.
Sentiment: POSITIVE
Tickers: .DXY, KRW=, CNY=, INR=, JPY=,
Keywords: forex markets, south asia, investment strategy, breaking news: investing, business news, us dollar/indian rupee fx spot rate, east asia, currency markets, india, asia economy, us dollar/korean won fx spot rate, debt and bond markets, asia news, south korea, dxy us dollar currency index, usd/jpy, china, stock markets, us dollar/chinese renminbi fx spot rate,