Goldman Sachs: sell Asian currenies
Analysts at Goldman Sachs recommend selling Asian currencies versus the US dollar. The specialists expect Chinese and Japanese monetary authorities to continue easing policy. As a result, Chinese yuan and Japanese yen will slide to the lowest levels since 2008.
Goldman’s idea is to sell Korean won, Thai baht, Taiwan dollar, Chinese yuan and Malaysian ringgit. As for the yen, it is expected to lose 14% against the greenback in the next year.