World’s Best Forecasters Split on Views for Asian Currencies
- Rupiah, rupee and won to lead rebound, Commerzbank says
- Credit Agricole sees dollar rising against its Asian peers
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The two best forecasters of emerging Asian currencies have very different views about where the region’s battered foreign-exchange rates are going next as the coronavirus ravages global markets.
Commerzbank AG, which came first last quarter in Bloomberg rankings, says Asia’s currencies should benefit from a weaker dollar with the Indonesian rupiah, Indian rupee and South Korean won leading the recovery. Second-placed Credit Agricole SA says the dollar is poised to strengthen versus its Asian peers, though reduced visibility about the spread of the virus makes it difficult to predict with much confidence.