USD-NGN likely to adjust to a higher equilibrium later this year

Mar 17, 2015 06:28 am UTC| Commentary

The Central Bank of Nigeria is likely to cap the upside for USD-NGN for now at its special intervention auctions and limit trading in the illiquid FX interbank market, but this implies that FX reserves will decline...

RBI easing will likely be a slight positive for the INR

Mar 17, 2015 06:20 am UTC| Commentary

The INR has been an exception to the rule of FX weakness in the wake of monetary easing.Lower policy rates have been positive for domestic equities and boosted growth-sensitive inflows.Arguably, the two Reserve Bank of...

Further policy easing by BI will exacerbate recent selling pressure on IDR

Mar 17, 2015 06:18 am UTC| Commentary

If Bank Indonesia (BI) eases further, it will likely exacerbate recent IDR weakness. As such, there is a risk to the view that further easing may be postponed to provide some degree of IDR stability.Standard Chartered...

Another likely MAS move in April will weigh on the SGD

Mar 17, 2015 06:16 am UTC| Commentary

The Monetary Authority of Singapore (MAS) will likely lower the centre of the SGD nominal effective exchange rate (NEER) policy band by 2% (see On the Ground, 11 March 2015, Singapore.Standard Chartered notes its...

Further monetary easing likely in Singapore, India, China and Indonesia

Mar 17, 2015 06:14 am UTC| Commentary

More broadly, the USD to generally likely remain on a strong footing against most AXJ currencies as the Fed inches closer to the first rate hike, while many Asian central banks have an explicit easing bias amid low...

Monetary policy divergence likely to remain an important driver for AXJ currencies

Mar 17, 2015 06:11 am UTC| Commentary

Standard Chartered notes... We expect monetary policy divergence to remain an important driver for AXJ currencies. In the past week alone, the Bank of Thailand (BoT) and the Bank of Korea (BoK) have surprised markets...

Standard Chartered maintains short-term neutral recommendation for CNY

Mar 17, 2015 05:59 am UTC| Commentary

The Chinese authorities will likely put more emphasis on managing the CNYs value on a TWI basis this year than on stabilising the CNY rate versus the USD.The fact that the recent National Peoples Congress (NPC) was...