2014 'not an exciting year' for Asean currencies
QE seen ending in October, first rate hike in June 2015
[SINGAPORE] Asean currencies will be flat this year mainly because of the low interest rates, said Leong Sook Mei, Asean head of global markets research at The Bank of Tokyo Mitsubishi UFJ.
"This year is not an exciting year for currencies," said Ms Leong yesterday in a briefing on Asean currencies.
For instance, the movement of the Singapore dollar (SGD) to the US dollar has been less than 400 pips this year versus more than 700 in 2013, she said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million