Asian EM currencies, equities supported by investor flows in Q1
The strong economic outlook should continue to lure investors
Bloomberg reports that, except for the Philippines, every Asian emerging-market currency strengthened in the first quarter on optimistic growth forecasts for the region.
The region’s equity markets also saw the best three-month showing in seven years.
Head of Asia research at ANZ Banking Group Khoon Goh said his firm still sees inflows supporting Asian currencies over the coming quarter.