Forex Flash: Constructive on Asian currencies - ANZ

“Asian currencies have been resilient in the face of recent US dollar strength,” says Senior FX Strategist at ANZ Khoon Goh. “In part this reflects continued positive investor interest in the region and a stronger CNY,” he expands, adding: “Given improving Emerging Asia growth prospects, strong fundamentals and ample liquidity, we see little reason for foreign investors to exit,” he concludes.

“Therefore, we retain our constructive view on Asian currencies. We are currently long KRW, CNY & CNH, PHP, INR; and short IDR, SGD,” the analyst suggests.