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US Dollar Outlook: Delta Covid Cases Inducing Risk Aversion. THB, PHP, IDR Wobble


US Dollar Outlook: Delta Covid Cases Inducing Risk Aversion. THB, PHP, IDR Wobble
2021-07-12 03:00:00
Daniel Dubrovsky,
Strategist
US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Philippine Peso, ASEAN, Fundamental Analysis – Talking Points
US Dollar gains against ASEAN currencies amid Delta Covid variant rise
Watch US CPI, a higher print risks amplifying ASEAN market volatility
US Dollar ASEAN Weekly Recap
The US Dollar extended gains against ASEAN currencies this past week, making notable progress against the Thai Baht and Philippine Peso. This is as the Singapore Dollar and Indonesian Rupiah were relatively restrained. The Greenback’s performance has been closely aligning with weakness in ASEAN equities amid surging local coronavirus cases – see chart below. In fact, according to Bloomberg, countries like Thailand, the Philippines and Malaysia saw combined outflows in equities the most since the third quarter of 2020. ....

United States , Delta Covid , Daniel Dubrovsky , Singapore Dollar , Thai Baht , Indonesian Rupiah , Philippine Peso , Fundamental Analysis , Delta Covid Cases Inducing Risk , Delta Covid Case Growth , South Asia Economic Data , South Asia , ஒன்றுபட்டது மாநிலங்களில் , சிங்கப்பூர் டாலர் , தாய் பாட் , பிலிப்பைன் பேஸொ , அடிப்படை பகுப்பாய்வு , தெற்கு ஆசியா ,