Investors should sell the Australian dollar and New Zealand dollar, and put their money in the Chinese yuan and the Singapore dollar instead, according to an ANZ analyst on Friday.
Investors should sell the Australian dollar and New Zealand dollar, and put their money in the Chinese yuan and the Singapore dollar instead, according to the Head of Asia Research at ANZ bank, Khoon Goh.
"I think that provides a good mix of play into the dovishness of the antipodean central banks and also the resilience of the Asian currencies," Goh said, referring to the central banks in Australia and New Zealand. While Goh is expecting both those currencies to fall in value, he was a little more positive on the Australian dollar, saying that there was"further scope for the Aussie to outperform the Kiwi.""We're expecting the yuan to appreciate over the course of this year, largely on the back of our view that Chinese growth will start to stabilize in the second quarter as it responds to the various stimulus measures," he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walgreens to sell CBD products in 1,500 storesWalgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states, the company told CNBC on Wednesday.
Read more »
Walgreens to sell CBD products in some storesWalgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states, the company told CNBC on Wednesday.
Read more »
Walgreens to sell CBD products in some storesThe drugstore chain is taking the lead from rival CVS, which announced last week it would start selling cannabidiol-based topicals.
Read more »
U.S. Orders Chinese Company to Sell Grindr AppU.S. national-security officials have ordered a Chinese company to sell gay-dating app Grindr, signaling that a range of social-media companies and apps is now off limits to Chinese buyers.
Read more »
Equifax, FICO Team Up to Sell Consumer Data to BanksTwo consumer-credit giants plan to start working together to sell consumers’ data to banks, the latest attempt to feed banks’ appetite for more information on customers.
Read more »
U.S. Orders Chinese Firm to Sell Dating App Grindr Over Blackmail RiskU.S. national-security officials have ordered Beijing Kunlun Tech to sell gay-dating app Grindr, citing the risk that the personal data it collects could be exploited by China to blackmail individuals with security clearances.
Read more »
Bolsonaro struggles to sell Brazil pension bill as markets tumbleBrazilian President Jair Bolsonaro and his economy minister tried to rescue thei...
Read more »
Overseas Markets Take Cue From Friday U.S. Sell-Off, Starting Week In The RedA general air of negativity continues to hang over Wall Street as the new week begins. World stocks followed U.S. stocks lower early Monday following Friday’s slide. It’s a big week for data, but a slow one for earnings.
Read more »
Stocks fall tracking global sell-off; Turkish lira recoversEmerging market stocks were set for their biggest one-day fall this year on Monday. But the Turkish lira recovered somewhat after Friday's sell-off.
Read more »