Market View: Why are Asian currencies hitting multi-year lows today?
Published Date: 22-06-2022
On Market View, Melissa Hyak is joined by Vishnu Varathan, Head of Economics & Strategy, Asia at Mizuho Bank to talk about the growing concern that a US recession is imminent as Goldman Sachs economists double their expectations on the potential for a US recession over the next year to 30%; with focus on how this will affect Singapore and markets in the region; whether Philippines and Indonesia will raise their rates following the Fed interest rate hike; and more about why Asian currencies are falling further.
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