These Asian Currencies Set to Benefit From Oil Price Collapse: Credit Agricole
- Credit Agricole Picks Korea, Taiwan, Thailand, Philippines
- Yuan’s relative stability will help anchor Asian currencies
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The currencies of Asian energy importers are surfacing as a recovery play in emerging markets on the premise that the oil-price slump and lower production costs will outlast the coronavirus crisis.
Currencies of South Korea, Thailand, Taiwan and the Philippines are positioned to benefit from the collapse in oil prices this year, once the world conquers the virus, according to Sébastien Barbé, head of emerging markets research at Credit Agricole CIB.