EM Asia Currencies Rebound

By Patturaja  Murugaboopathy 
    Nov 7 (Reuters) - Emerging Asian currencies rebounded on
Tuesday as a dollar rally lost some steam on lower U.S. Treasury
yields and investors were sceptical that the U.S. Congress will
quickly pass a major tax bill.
  However, investors were wary of a possible escalation in
political tensions that could affect the won and other regional
currencies, with U.S. President Donald Trump visiting South
Korea on Tuesday.
    Trump is on a 12-day tour in Asia, covering five Asian
countries, to discuss trade policies and North Korea.
    Given tensions over North Korea, the dollar-yen should
remain a bit weak this week despite the Bank of Japan's doggedly
dovish efforts to weaken the yen, Stephen Innes, head of trading
in Asia-Pacific for Oanda in Singapore, said in a report.



This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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