Fed's Realizing Rate-Cut Expectations Should be Positive for Asian Currencies -- Market Talk
Dow Jones
Yesterday
0247 GMT - The Fed's realizing rate-cut expectations should be positive for Asian currencies, two members of Goldman Sachs' Economics Research say in a note. GS remains broadly constructive on Asian currencies in coming months, supported by its bearish USD view and expectations for USD/CNY to drift lower to 7.0000 by year-end. Within emerging-market Asia, TWD and KRW should outperform SGD, MYR and other high-yielding currencies such as INR and IDR, the members say. Also, the Fed's realizing rate cuts should be positive for Asian bonds, where GS sees most value in high-yielding markets, such the Philippines' five-year bonds and India's 30-year bonds. USD/CNY is little changed at 7.1138. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 21, 2025 22:47 ET (02:47 GMT)
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