Goldman Sachs: Fed rate cut expectations are positive for Asian currencies

two members of Goldman Sachs' economic research department said in a report that the Fed's rate cut expectations are favorable for Asian currencies. Supported by the view of a weaker US dollar, Goldman Sachs remains generally optimistic about Asian currencies in the coming months. The researchers believe that in Asian emerging markets, the performance of the New Taiwan Dollar and the South Korean Won should outperform other high-yield currencies such as the Singapore Dollar, the Malaysian Ringgit, the Indian Rupee, and the Indonesian Rupiah. In addition, the Fed's rate cuts should benefit Asian bonds, with Goldman Sachs believing that the most valuable high-yield markets are the Philippines' five-year bonds and India's 30-year bonds.