Core Viewpoint - Standard Chartered Bank's Divya Devesh expresses a bearish outlook on Asian currencies for 2023, predicting they will generally underperform against the US dollar [1] Group 1: Currency Outlook - The bank believes the narrative of "de-dollarization" lacks credibility, instead observing signs of "re-dollarization" supported by strong growth expectations in the US, productivity improvements, and the AI boom [1] - Due to attractive yields offered by the US dollar, the proportion of Asian exporters converting dollars to local currencies remains low [1] Group 2: Foreign Investment Trends - Devesh notes that US AI-related transactions are driving foreign investments in US financial assets to record highs, a trend that is difficult to reverse [1]
渣打：预计今年亚洲货币将普遍跑输美元