I suppose if the trade war continues between the US Trump administration and the Chinese counterpart. The Asian market will continue to have a bigger downfall due to uncertainty. Since Donald Trump assumed power the US Dollar is on a upmarket rising trend. Overnight market volatility continues due to unpredictability, friction and market information clash.
I think the foreign currency hedging againt the US Dollar with weak Asian currencies is unsustainable in the long run. As the BRICS currency formation is a no go and is a time talk.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments