Yuan May Weaken Further in Next Few Months, StanChart's Devesh Says

Yuan May Weaken Further in Next Few Months, StanChart's Devesh Says

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Business

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The video discusses the recent weakness in the yen, driven by risk aversion in Asia and increased foreign investment by Japanese investors. Despite trade tensions, traditional safe havens like the yen and treasuries are not seeing significant demand, with the dollar being the preferred choice. The CNY is under pressure due to US-China trade tensions, with potential for further weakness. In Asia, the Taiwan dollar is highly exposed to trade tensions, while the Indonesian Rupiah remains under pressure despite rate hikes.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences if trade tensions escalate further?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the economic dependency of Taiwan on China affect its currency?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the outlook for the Indonesian Rupiah by the end of the year?

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