Trumponomics - Donald Trump might not be the best thing happening for Asian currencies. Or for that matter the Brazilian real.
Also see Tariff On Chinese Goods Would Cause Exports To Collapse 87% .
Deutsche Bank considers several Asian currencies led by the Chinese yuan to be overvalued and vulnerable to Trumponomics – policies outlined by the U.S. president-elect Donald Trump during his campaign and many expected to be unveiled when he takes office early in 2017.
“Our latest valuation snapshot highlights CNY, AUD (Australian dollar), PHP (Philippines peso) and IDR (Indonesian rupiah) as among the most expensive currencies in the world,” Oliver Harvey, the bank’s London-based strategist, said in a research note released Nov. 11. “Brazil also looks very vulnerable on...
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