Salient to Investors:
Koji Fukaya at Office Fukaya said stock declines are hurting risk sentiment and investors are selling Asian equities, putting downward pressure on regional currencies. Fukaya said money will continue to flow into emerging markets and their currencies will recover in the medium to long-term.
Saktiandi Supaat at Malayan Banking said asian currencies will remain volatile because of concern over global growth.
Daniel Chan at Glory Sky Global Markets said China is encouraging inflows of capital to stimulate its economy, which will keep the yuan strong. Chan said the key uncertainty is who will be in charge of economic policies in China and how aggressive they are in reforms.
Read the full article at http://www.bloomberg.com/news/2012-11-16/asian-currencies-drop-as-u-s-greece-budget-risks-spur-outflows.html