FX VOICE: Are investors betting on Asian FX yields?
It's been argued the fall back in the influence of risk over FX implies that yields should take on more influence. If true, what does this mean for Asian emerging markets' currencies? CT asks the experts.
Mitul Kotecha, head of global FX strategy, Credit Agricole CIB:
The sensitivity of global currencies to risk has dropped to insignificant levels according to our correlation analysis. This is a major development for currency markets, marking a change in dynamics.
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