Asian FX Update

USD RALLY AGAINST ASIA STILL IN PLAY
• The May rally in the USD has hampered most of Asia, save for CNY and MYR.
• KRW hindered by the North’s missile launch; 1120 holding the topside for now in USDKRW.
• Chinese property prices continue to gain as the government frets over asset prices.
• Thai GDP crucial today as the government leans on the central bank to support the economy.

Click here to read the full report: FX Daily

 

Scotiabank