Asian currencies are under pressure
Monday due to inflation and continued global concern
Economic growth, although the trend of the Singapore dollar has increased
The city-state published data core is showing the fastest growth
Inflation in a decade.
Baht of Thailand, Rupee of India and R.
The Philippine peso has weakened 0.1% each, while the Singapore peso
Strong as 0.4% before the dollar, a hit
A two-and-a-half week high against a widely weakened US dollar.
The dollar traded heavily against major currencies,
After the first weekly loss in about two months, e.g.
Investors are betting on more dollar gains from the growing US
“The US is talking about the risk of a recession and therefore less pressure
US Federal Reserve to aggressively tighten (see)
Rate the rate hike and the USD wants to be free, “said Christopher Wang.
Senior FX strategist at Maybank.
Wong added that the relative stability of the yuan
The US Treasury yield is a pullback, China’s
Friday cut mortgage rates unexpectedly for mortgages
And the signs of Shanghai’s reopening have helped ease sentiment in Asia.
Yuan, which has recorded the biggest weekly jump since then
October 2020 Last week, up 0.1%. He had to reduce the rate of China
This is the second decline this year as Beijing seeks a revival
Sick housing sector to boost the economy.
Stocks in this region fought for direction. In equities
Both Bangkok and Taipei rose 0.5%, while
Who have done business in Singapore and the Philippines
Singapore’s main inflation rate – the central bank
Preferred price measure – up 3.3% in April of the year
On the basis, the highest since February 2012, driven by higher diet
A Reuters poll of price economists gave a 3.4% forecast
Meanwhile, both the Indonesian rupiah and the stock
Jakarta Bank was slightly weaker than Indonesia
Policy meeting on Tuesday.
Economists have predicted Indonesia in a Reuters poll
The central bank will have to wait a few more months to raise interest rates
Record low despite rising inflation and aggressive austerity by
US Federal Reserve.
About one-third of respondents, eight out of 27, said first
The rate increase will be June, and the remaining 17 it will be
Come to a monthly meeting between July and September.
** The Singapore dollar is at its highest level since May 5
** On Friday, Taiwan’s export orders fell for the first time
25 months in April
** In the first 20 days of May, South Korean exports increased
24.1% per annum
Asia Stock Index and Currency at 0503 GMT
Country FX RIC FX FX Index Stock
Daily YTD% S YTD%
Japan +0.32 -9.70 0.64 -6.53
China +0.10 -4.94 -0.47 -13.96
India -0.13 -4.27 0.32 -5.97
Indonesia -0.11 -2.84 -1.10 3.95
Malaysia -0.05 -5.13 0.15 -1.03
Philippines -0.11 -2.42 -0.48 -5.73
S.Korea -0.14 -6.39 -0.04 -11.40
Singapore +0.28 -1.97 -0.49 3.24
Taiwan -0.05 -6.67 0.45 -10.99
Thailand -0.15 -2.68 0.50 -1.60
(Reporting by Harish Sridharan in Bangalore; Edited by Sonali