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BofA Bullish On IDR, INR & THB


Bank of America have noted that they maintain their "constructive view on Asia FX. Conversion of onshore USD deposits could eventually set the backdrop for IDR to rally towards our USD/IDR target of 14,000 by year end. INR fundamentals remain strong due to a broadly balanced basic balance and supportive equity portfolio inflows on surging IPO activity. We also see the potential for a turnaround in THB on faster COVID vaccination with focus on tourism and export-oriented provinces having the potential to bring forward the reopening of tourism hotspots."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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