Thai Baht Most Vulnerable in Emerging Asia to Trump Second Term [Yahoo! Finance Canada]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The baht is also highly sensitive to the Chinese yuan and one of the most over-valued Asian currencies on a trade-weighted basis, according to Bloomberg-compiled data. Data on EM currency moves in 2018, following Trump's tariff announcement early that year, also portends choppy months ahead for the Thai currency. Meanwhile, the Philippine peso and Indian rupee are showing signs that they'd be more resilient to Trump's policies, which are expected to include heavy tariffs and tax cuts. These currencies were among the least affected when a dollar index rose in October as investors priced in US election risks. Asian currencies may further slump if the dollar extends due to Trump's policies that fuel US output. Early market reactions to the US election indicate the prospects of trade-reliant nations are particularly more vulnerable. “The timing and degree of tariff implementation may matter, and these are still uncertain,” said Christopher Wong, a currenc
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