Korean won looks set to outperform

Jun 29, 2010

Standish, one of BNY Mellon's boutique asset managers, also sees significant upside in other non-Chinese Asian currencies.

Asian central banks look set to let their currencies strengthen following China's June 19 announcement that it will depeg the renminbi from the US dollar. But that move is not the only reason why non-Chinese units are attractive, says Alexander Kozhemiakin, Boston-based director of emerging-market strategies at asset manager Standish.

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