Economic growth data from India and the Philippines, as well as trade data from Thailand, are expected to be in focus this week as investors assess the outlook for Asia’s battered emerging markets.
Emerging markets in general have taken a beating in recent weeks amid expectations of an unwinding of U.S. monetary stimulus and analysts say there is growing focus on economic data as investors try to assess which markets to move back into and which to stay away from.
“The direction in emerging markets currencies is clear,” said Khoon Goh, senior currency strategist at ANZ bank told CNBC Asia’s “Squawk Box.” “We did see a pause on Friday, but the Fed is still poised to unwind stimulus so the pressure on emerging markets will remain.”
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