According to Mitul Kotecha, senior emerging markets strategist at TD Securities, Asia’s growth outlook is unlikely to improve soon as a plethora of global factors allied with weaker Chinese activity and ongoing trade tensions, suggests further pressure on regional activity. Key Quotes “The only silver lining is that the pace of decline is slowing, amid improvements in the second derivative of data releases, while there are some indications that semiconductor prices are stabilising.” “Many countries in the region have revised their growth forecasts lower, while embarking on more aggressive monetary and fiscal stimulus. We expect further rate cuts across the region, alongside more fiscal stimulus.” “China continues to play a key role, with China’s July data dump disappointing expectations, while USDCNY continues to push higher. This is particularly negative for KRW, SGD and TWD and we look for further deprecation.” “We also think Asian high yielders will be more vulnerable as market volatility rises, and expect both INR to IDR to struggle to make much headway.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD is on the defensive – Commerzbank FX Street 4 years According to Mitul Kotecha, senior emerging markets strategist at TD Securities, Asia's growth outlook is unlikely to improve soon as a plethora of global factors allied with weaker Chinese activity and ongoing trade tensions, suggests further pressure on regional activity. Key Quotes "The only silver lining is that the pace of decline is slowing, amid improvements in the second derivative of data releases, while there are some indications that semiconductor prices are stabilising." "Many countries in the region have revised their growth forecasts lower, while embarking on more aggressive monetary and fiscal stimulus. We expect further rate cuts across the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
