Macquarie: Yuan Stronger Now, Weaker Later

The video discusses the performance of EM Asia currencies, highlighting their relative stability and factors affecting them, such as geopolitical concerns and central bank policies. It explores the divergence in policy among Asian central banks and the unique profile of the RMB, which is influenced by economic fundamentals and COVID-related disruptions. The video also examines the impact of COVID on Asian currencies and the trends expected in 2022.

What factors contributed to the underperformance of certain Asian currencies in early 2020?

What role do central banks play in the performance of Asian currencies?

How has the Thai baht's recovery been influenced by geopolitical concerns?

Discuss the expected trends for the RMB in the near term according to the text.

How have COVID-related disruptions affected the transmission of economic fundamentals to the RMB?

What are the implications of the PBOC's policies on the yuan's performance?

What changes in the Asian currency landscape have occurred since the onset of COVID?