We Are Long Dollar Against Thai Baht, Says StanChart’s Devesh

The transcript discusses the impact of the FOMC meeting on the dollar, highlighting its neutral policy stance and resulting dollar strength. It explores the weakness in emerging market currencies due to local stories and global factors. The focus shifts to Asian market strategies, particularly the Thai baht and Korean won, driven by local economic conditions. The discussion concludes with an outlook on the Australian dollar, considering the Reserve Bank of Australia's potential actions and the influence of Chinese economic data.

What was the outcome of the FOMC meeting as discussed in the video?

• A hike in interest rates

• An increase in quantitative easing

• A cut in interest rates

• A neutral policy stance

What is one of the reasons for being long on the dollar against emerging market currencies?

• Strong US economic data

• Strength in emerging market economies

• Weakness in emerging market currencies

• High inflation in the US

Why is there a long dollar position against the Thai baht?

• The Thai baht is too strong

• Political stability in Thailand

• The Thai baht is undervalued

• High tourism growth in Thailand

What is the main concern affecting the Korean won as mentioned in the video?

• Weak semiconductor sales

• Strong semiconductor sales

• Political instability in Korea

• High inflation in Korea

What is the expected trend for the Australian dollar by the end of the year?

• A decrease due to RBA rate cuts

• An increase driven by Chinese economic recovery

• Stability with no significant change

• A decline due to weak labor market