A POTENTIAL Donald Trump victory in next month's US presidential election could pose risks to Asian currencies, Capital Economics warned.
A POTENTIAL Donald Trump victory in next month's US presidential election could pose risks to Asian currencies, Capital Economics warned.'We suspect Asian currencies would underperform under a Trump presidency, even if they don't seem to have been affected worse than others by the apparent rise in his chances of winning lately,' said Thomas Mathews, Capital Economics Asia Pacific head of markets, in an October 25 report.
'China is a big trading partner for its neighbors, and in some cases they export similar goods as China, meaning their currencies would become less competitive in the face of a renminbi devaluation unless they also depreciated,' he explained.'What's more, the region would face the risk of additional US tariffs in to prevent Chinese transshipment,' he added.
Ride' For Asian Currencies If Trump Wins
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