Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Real, Singapore Dollar May Gain on Inflation Battle, UBS Says

Feb. 8 (Bloomberg) -- Brazil’s real, the Singapore dollar and Philippine peso may appreciate as central banks let currencies strengthen to keep food-price inflation in check, according to UBS AG.

The Israeli shekel, Chile’s peso and Peruvian sol may also gain against other currencies, Bhanu Baweja, the London-based global head of emerging-market fixed income and foreign exchange strategy at UBS, said in a report.

Policy makers in these countries “would see currency appreciation as helping at least at the margin with imported commodity-price inflation,” Baweja said.

The Turkish lira, Indonesian rupiah and Indian rupee may depreciate, he said.

Rising food prices will probably lead to a widening gap between longer-term interest rates and shorter-term rates in India, China, Thailand, Turkey and Russia, Baweja said.

To contact the reporter on this story: Jason Webb in London at jwebb25@bloomberg.net.

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.