Forex Flash: USD to trade more robustly against KRW, PHP and SGD – ANZ

FXstreet.com (Barcelona) - According to Richard Yetsenga & Khoon Goh, analysts at ANZ Research: “The US dollar is likely to trade more robustly against currencies where competitive pressure from Japan or policymaker resistance are likely to be greatest,” the team says, “or where the risk of a reallocation of global equity capital toward Japan is prevalent.”

“KRW, PHP and SGD are prominent here,” they add, concluding: “KRW, in particular, is particularly vulnerable to the loss of export strength given the reliance of the currency on the current account.”