ASEAN FX: Regional data and growth concerns – MUFG
MUFG analysts focus on several ASEAN indicators for regional currencies. They flag Singapore’s July non-oil domestic exports after June’s strong 20.7% year-on-year rise, and expect Malaysia’s CPI to stay contained at 1.9% year-on-year. Thailand’s Q2 GDP is seen slowing, reinforcing cyclical underperformance and weighing on THB, while Bank Indonesia is expected to keep its policy rate at 5.75% as the Rupiah stabilizes.
Exports, inflation and GDP shape FX
"Across ASEAN, Singapore's July non-oil domestic exports will be closely watched after June's strong 20.7%yoy increase."
"Malaysia's inflation data should confirm that price pressures remain relatively contained, with CPI expected to hold at 1.9%yoy."
"Elsewhere, Thailand's Q2 GDP is expected to slow."
"A weaker growth profile would reinforce concerns over Thailand's cyclical underperformance and may continue to weigh on THB relative to regional peers."
"Indonesia's Bank Indonesia meeting is likely to be a non-event, with market consensus expecting the BI rate to remain unchanged at 5.75%."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
