MUFG analysts focus on several ASEAN indicators for regional currencies. They flag Singapore’s July non-oil domestic exports after June’s strong 20.7% year-on-year rise, and expect Malaysia’s CPI to stay contained at 1.9% year-on-year. Thailand’s Q2 GDP is seen slowing, reinforcing cyclical underperformance and weighing on THB, while Bank Indonesia is expected to keep its policy rate at 5.75% as the Rupiah stabilizes.
Exports, inflation and GDP shape FX
“Across ASEAN, Singapore’s July non-oil domestic exports will be closely watched after June’s strong 20.7%yoy increase.”
“Malaysia’s inflation data should confirm that price pressures remain…
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