Potential US tariffs to put pressure on currencies of export-oriented economies: analysts
In contrast, domestic-driven economies’ currencies could be this year’s top performers, market observers say
THE currencies of export-oriented economies will likely see the most pressure in 2025, amid a strong US dollar and possible US trade tariffs, market observers said.
These include the South Korean won, Malaysian ringgit, Singapore dollar, Taiwanese dollar and the Thai baht.
“We foresee (that) the biggest risks will be posed by US tariffs and potential induced retaliations and trade barriers,” said Li Lin, head of global markets research for Asia at MUFG.
Copyright SPH Media. All rights reserved.
