atans1

Expect MAS to “manipulate” S$ lower

In Currencies on 20/06/2019 at 4:58 am

TD Securities recently said S’pore could shift to an easier stance (code for allowing S$ to weaken against US$ and other currencies) in October.

TD Securities expects plenty of central bank action from Asia this summer as US and Chinese tariffs against each other bite and other Asian economies become collateral damage. It says many Asian countries have room to act, given the relative stability in their currencies.

M’sia is likely to ease policy in July. India, Indonesia and Philippines are likely to ease by August. South Korea, Taiwan and Thailand are likely to ease later in the year.

And they will all say “We don’t target the exchange rate.”

Yesterday, Trump complained that the euro zone’s monetary policy is unfair, complaining of a weak euro

Asked whether he was starting a currency war, Mr Draghi [the president of the European Central Bank] responded that his only objective was to achieve the bank’s inflation target. “We don’t target the exchange rate,” he said. His audience burst into applause.

Economist

Asian central banks will copy and paste “We don’t target the exchange rate.”

And Trump will KPKB.

Related posts:

Winter is here, how big will the anti-PAP vote be?

Winter’s here, and it’s an Antarctic winter

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: