Goldman Sachs: Fed Rate Cut Expectations Are Positive for Asian Currencies

Jinse Finance reported that two members of Goldman Sachs' Economic Research Department stated in a report that the realization of Federal Reserve interest rate cut expectations would be favorable for Asian currencies. Supported by a bearish view on the US dollar, Goldman Sachs remains generally optimistic about Asian currencies in the coming months. The researchers believe that in emerging Asian markets, the New Taiwan Dollar and the Korean Won should outperform other high-yielding currencies such as the Singapore Dollar, Malaysian Ringgit, Indian Rupee, and Indonesian Rupiah. In addition, Federal Reserve rate cuts should be beneficial for Asian bonds, and Goldman Sachs considers high-yield markets such as the five-year Philippine bonds and the thirty-year Indian bonds to be the most valuable. (Golden Ten Data)