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TD On Spill Overs If The PBoC Pushes Back Harder On CNY Strength

ASIA FX

Adding to the previous point, TD Securities note that "Asian currencies are positively correlated to CNY. The most sensitive are SGD, KRW and THB. SGD could face the most pressure if the PBoC becomes more aggressive" re: fighting CNY strength.

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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