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3 Apr 2013
Forex Flash: Long CNY, CNH, PHP on outright basis - ANZ
FXstreet.com (Barcelona) - According to Khoon Goh, Senior FX Strategist at ANZ, they stay constructive on currencies with positive local factors, thus "we are long CNY, CNH and PHP on an outright basis" he says.
"We are also long a basket of KRW, PHP and CNY against SGD as we see limited upside potential for SGD given that the NEER is trading close to the upper bound. We are short IDR outright given our bearish view on the rupiah" Khoon adds.
"We are also long a basket of KRW, PHP and CNY against SGD as we see limited upside potential for SGD given that the NEER is trading close to the upper bound. We are short IDR outright given our bearish view on the rupiah" Khoon adds.