And the winner of the virus is: JPY for FX but others like PHP, IDR, VND and IDR not doing tooo badly.
Btw, did you know that IDR is the best Asian FX ytd!!! +1.1% vs USD while AUD is -4.2% vs USD.
Meaning, IDR/AUD is even better!!
Losers of the virus is KRW, AUD, THBT & CNY!
Btw, did you know that IDR is the best Asian FX ytd!!! +1.1% vs USD while AUD is -4.2% vs USD.
Meaning, IDR/AUD is even better!!
Losers of the virus is KRW, AUD, THBT & CNY!
AUD very linked to China via commodity prices & those not doing too hot right now w/ China locked down & so demand for it lower; KRW for obvs reason of China being its numero uno customer; THB for its tourism exposure as a share of GDP (China trade too)
So when China catches a FLU (this case a pretty nasty one that is highly infectious), then who catches the cold???
Well, well, well, the usual suspect of course, such as AUD, KRW, THB!!!
MYR too! SGD too but by less!!!
😬🥶😷 🇦🇺🇰🇷🇹🇭
Well, well, well, the usual suspect of course, such as AUD, KRW, THB!!!
MYR too! SGD too but by less!!!
😬🥶😷 🇦🇺🇰🇷🇹🇭
Indonesia shines brightly in this virus scare situation as:
a) Exports as a share of GDP low & so exports to China also low (exposure via commodity but not too big as exports small)
b) Tourism also smaller vs say Thailand.
So inwardly driven Indonesia more IMMUNE! True story!
a) Exports as a share of GDP low & so exports to China also low (exposure via commodity but not too big as exports small)
b) Tourism also smaller vs say Thailand.
So inwardly driven Indonesia more IMMUNE! True story!
