Fiscal stimulus likely too late to boost 2024 growth, but may add some upside to 2025 forecasts
Insight
We revisited and reassessed our currency forecasts for Asia, in light of a base case scenario of a Clinton victory as well as the lesser probability scenario of a Trump victory.
October proved to be action-packed for a short working month. The USD index rose over 3.4% thus far in October, showing visible signs of a pick-up in momentum. We believe that the US elections related factors driving the USD’s will stay thematic in coming weeks, and barring a crash in Fed hike expectations for December, until the end of the year.
In this issue
For full analysis, download report: Essential Asia: Awaiting emerging patterns (PDF, 3MB)
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.