asian-currencies-under-pressure

Asian currencies under pressure

Most Asian currencies fell last week, but the winners in the long-run will be the economies that are most sheltered from global markets.
Jakarta's stock exchange took a battering last week and the Indonesian economy is under pressure from the global financial crisis but, ironically, the country's currency could be a good bet to outperform its neighbours in 2009.

That, at least, is the conclusion of Sebastien Barbe, a currency strategist at Calyon, who argues that closed economies are likely to fare better than open ones once the crisis peaks and the global economy slows down into next year. This should benefit the Indian rupee and the Indonesian rupiah.

It is a slightly different story in the short term, as economies deal with the immediate effects of the financial crisis. The countries best able to withstand these current...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222