Asian currencies could be on the ‘back foot’ despite likely U.S. rate cuts this year, JPMorgan says
Publishing timestamp: 2024-03-13 03:33:58
Summary
Asian currencies may not benefit from U.S. interest rate cuts as expected, with the U.S. dollar likely to remain strong due to a soft landing forecast for the economy. However, some analysts believe that currencies like the Chinese yuan and Indian rupee could strengthen, with the Korean won potentially being a major beneficiary.
Sentiment: MIXED
Tickers: INR=, KRW=, CNY=, .DXY,
Keywords: dxy us dollar currency index, us dollar/chinese renminbi fx spot rate, currency markets, asia economy, us dollar/indian rupee fx spot rate, us dollar/korean won fx spot rate, business news,