SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : HONG KONG
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom who wrote (1285)2/2/1998 2:16:00 AM
From: Tom  Read Replies (1) of 2951
 
But we'll get there. From Standard Chartered...

"We are not out of it yet," said Tim Fox, chief treasury economist at Standard Chartered in London. "Currencies are perhaps a little more stable due to the fact we have come a long way very fast... (But) we are still waiting for issues, including political issues, to be resolved so we are not at the end of this."

So until the short- to medium-term issues are resolved trading is likely to remain volatile and currencies soft.

"I think you are looking at the second half of the year... Currencies won't show any meaningful bounce until you get beyond medium- and short-term social and economic concerns,'' Standard's Fox added.

So there will be an improvement and analysts are agreed that by almost any measure Asian regional currencies are oversold a current levels.

But until overseas investors can be tempted back in or cash begins to flow into the region from increased exports the current state of affairs is unlikely to change very much.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News