2019 MID YEAR OUTLOOK | CURRENCIES
Uncertainty could see Safe haven Currencies in Vogue
- The extension of the US-China trade dispute together with other unresolved geopolitical concerns – Brexit, a potentially more populist European parliament and US-EU/Japan trade tensions risk posing headwinds to the 2H19 outlook.
- This is likely to support safe haven currencies such as JPY. In contrast, the commodity currencies are more susceptible to risk aversion though CAD remains most resilient.
- In Asia, IDR, MYR, SGD, KRW and THB remain vulnerable in the short term to an escalation in US-China trade tensions and CNY depreciation.
Past performance is no guarantee of future results, real results may vary. Forecasts are expressions of opinion, are not a guarantee of future results and are subject to change.
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