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Goldman See Path To Topping Out In USD/Asia Pairs

ASIA FX

Goldman Sachs think “Asian currencies should remain under pressure in the near term, given the upward momentum in U.S. rates and still elevated oil prices.”

  • “However, given our view that the Fed will ultimately not hike in November, European growth finding a trough and improving sequential growth in China in September/October, we think there is a path for USD/Asia to top out.”
  • “We maintain our short TWD/KRW trade recommendation.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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