USD Shake-Up: Bet on Further Gains in Asian Currencies?
Asian currencies saw a rare collective surge. RMB, HKD, Japanese yen, and Singapore dollar all appreciated against the USD. Emerging market currencies performed particularly well — from May 1st to 7th, the MSCI Emerging Markets Currency Index rose by 1.5%. At the same time, USD index continued to decline. USD remains at a low level, down 9.4% from above 110 at the beginning of the year. -------------- Are you bullish on the further gains of emerging market currencies? Will USD plunge replicate the trend in 1985? Will you invest in Japan stocks?
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