EM forecaster of 2017: Westpac

Emerging market currencies need to be evaluated on a case-by-case basis rather than taking a generalist view

Frances Cheung, Head of Macro Strategy for Asia, Westpac
Frances Cheung: focus is to look at how resilient these Asian currencies are in the face of dollar appreciation

Westpac triumphed as the most successful emerging market (EM) currencies forecaster among FX Week’s contributors in 2017, outperforming its peers with a particular focus on the Indian rupee and Chinese renminbi.

2017 was a “good year” for Asian currencies as initial expectations of higher dollar yields and a strong dollar failed to materialise, allowing Asian growth dynamics to continue, says Frances Cheung, head of macro strategy for Asia at Westpac.

The Australian bank has been particularly

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