Referenced Stocks

Forex Flash: Retreating to risk-neutral from risk-seeking - Standard Chartered

By FXstreet.com June 25, 2012, 06:31:00 PM EDT

FXstreet.com (Barcelona) - Differentiation between stronger and weaker economic fundamentals, rather than broader riskon/risk-off dynamics, should be the base when positioning in Asian currencies, as risks abates to some degree, notes Tai Hui and Robert Minikin, Research Analysts at Standard Chartered. The bank suggests to retreat towards risk-neutral strategies from risk-seeking for the moment, as overall, its core scenario is still of weak global economic. In Asia, real money funds "should remain overweight the Philippine peso (PHP) and the Singapore dollar (SGD) while retaining underweight recommendations for the Indian rupee ( INR ) and Indonesian rupiah (IDR)" the analysts add.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: INR



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