SMBC Now Sees 'Firm-To-Stronger' U.S. Dollar Vs. Asian FX in 2H -- Market Talk

Dow Jones

Jun 19

0517 GMT - SMBC now sees a "firm-to-stronger" U.S. dollar against Asian currencies in 2H, says Jeff Ng, head of Asia macro strategy, in a research report. "Market expectations have now shifted" toward a potential Fed rate increase, Ng says. The Fed at its June FOMC meeting turned hawkish, confirming SMBC's expectations that the Fed will have to focus on combating inflation. SMBC sees the Singapore dollar potentially weakening against its U.S. counterpart even as it stays strong on a Singapore dollar nominal effective exchange rate basis. Also, this trend will probably mean another round of headwinds for the Indian rupee, Philippine peso and Indonesian rupiah. Moreover, the Malaysian ringgit, Korean won and Thai baht will likely "suffer" from widening yield differential pressures, Ng adds. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 19, 2026 01:17 ET (05:17 GMT)

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Asian FX in 2H -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-19 13:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0517 GMT - SMBC now sees a \"firm-to-stronger\" U.S. dollar against Asian currencies in 2H, says Jeff Ng, head of Asia macro strategy, in a research report. \"Market expectations have now shifted\" toward a potential Fed rate increase, Ng says. The Fed at its June FOMC meeting turned hawkish, confirming SMBC's expectations that the Fed will have to focus on combating inflation. SMBC sees the Singapore dollar potentially weakening against its U.S. counterpart even as it stays strong on a Singapore dollar nominal effective exchange rate basis. Also, this trend will probably mean another round of headwinds for the Indian rupee, Philippine peso and Indonesian rupiah. Moreover, the Malaysian ringgit, Korean won and Thai baht will likely \"suffer\" from widening yield differential pressures, Ng adds. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UUP":"美元ETF-PowerShares DB","UDN":"做空美元指数-PowerShares","BK4211":"区域性银行","TLT":"20+年以上美国国债ETF-iShares","BK4195":"互助储蓄与抵押信贷金融服务","SMBC":"Southern Missouri Bancorp"},"translate_title":"SMBC现在认为美元兑美元汇率“坚挺到走强”。2小时亚洲外汇——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US30Y.BOND":0.89,"US5Y.BOND":0.89,"US12M.BOND":0.89,"US2Y.BOND":0.89,"US7Y.BOND":0.89,"TLT":0.6,"UDN":0.71,"SMBC":1.5,"US6M.BOND":0.89,"US3Y.BOND":0.89,"US10Y.BOND":0.89,"UUP":0.71},"content_text":"0517 GMT - SMBC now sees a \"firm-to-stronger\" U.S. dollar against Asian currencies in 2H, says Jeff Ng, head of Asia macro strategy, in a research report. \"Market expectations have now shifted\" toward a potential Fed rate increase, Ng says. The Fed at its June FOMC meeting turned hawkish, confirming SMBC's expectations that the Fed will have to focus on combating inflation. SMBC sees the Singapore dollar potentially weakening against its U.S. counterpart even as it stays strong on a Singapore dollar nominal effective exchange rate basis. Also, this trend will probably mean another round of headwinds for the Indian rupee, Philippine peso and Indonesian rupiah. Moreover, the Malaysian ringgit, Korean won and Thai baht will likely \"suffer\" from widening yield differential pressures, Ng adds. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 19, 2026 01:17 ET (05:17 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}