FXstreet.com (Barcelona) - In FX markets, the Standard Chartered Heatmap, used as fundamental macroeconomic signals of short-term local-currency strength or weakness, has generated a bearish signal for USD-IDR.
Meanwhile, "neutral short-term signals remain for the USD versus the CNY, TWD, INR, MYR, PHP and THB. We see moderately bullish fundamental signals for the USD against the HKD, KRW and SGD" according to Edward Lee, Regional Head of Research, South East Asia, at Standard Chartered.
Mr. Lee adds: "Asia ex-Japan (AXJ) appears to be going through a fundamental transition, with weak export growth due to soft external demand and policy makers seeking to support domestic demand via policy easing. However, conditions vary significantly across the region, suggesting that investors should focus closely on local factors to determine likely currency performance."
Meanwhile, "neutral short-term signals remain for the USD versus the CNY, TWD, INR, MYR, PHP and THB. We see moderately bullish fundamental signals for the USD against the HKD, KRW and SGD" according to Edward Lee, Regional Head of Research, South East Asia, at Standard Chartered.
Mr. Lee adds: "Asia ex-Japan (AXJ) appears to be going through a fundamental transition, with weak export growth due to soft external demand and policy makers seeking to support domestic demand via policy easing. However, conditions vary significantly across the region, suggesting that investors should focus closely on local factors to determine likely currency performance."
