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What Next for Asian Currencies after Central Bank Meetings this Week
5 mins·06:46, 13 Jul 2013
What Next for Asian Currencies after Central Bank Meetings this Week
5 mins
·
06:46, 13 Jul 2013
·
Recommended
1 hr 19 mins
43 mins
40 mins
Hamish Pepper, Forex Strategist at Barclays Capital, Singapore talks about:
- house view on when Fed would likely start tapering QE3 based on US FOMC meeting minutes
- worst case scenario of Fed exiting, and impact on currencies
- Bank Indonesia surprised the market by hiking the rate by 50bp to reduce capital outflows. Reaction and more to come?
- Bank of Japan maintained it stance, and raised its assessment of the economy, referring to a recovery for the first time since before a record 2011 earthquake. Will this stall the yen’s depreciation, at least?
- Central Bank of Korea kept rates on hold this time, after unexpectedly cutting rates by 25 basis points in May. Status quo remains for won?
- Bank of Thailand left its benchmark interest rate unchanged at 2.50 percent on Wednesday, after BOT had cut rates by 25 bp on May 27th. Status quo was expected?
- Within ASEAN, the SGD is considered by many to be the ‘Swiss Franc of Asia’. Which currency do you consider the next best safe haven?
- Bank Negara left Malaysia’s OPR unchanged at 3% last night, for the 13th consecutive meeting. Consensus appears to be for rates to stay status quo? Bank Negara does expect inflation to rise this year.
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