BarCap predicts “currency wars, part two”

Asia should brace itself for another round of currency wars, according to analysts at Barclays Capital. They said that several currencies in the region are undervalued and governments across Asia will face pressure from the US to allow their currencies to appreciate.

  • 16 Dec 2010

China is the highest profile example, despite depegging from the dollar in favour of a wider basket of currencies in June. But other Asian currencies are also undervalued.

"We anticipate Currency Wars: Part Two in 2011 after a period of calm on the dollar side due to the turbulence ...

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Rank Lead Manager Amount $m No of issues Share %
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3 JPMorgan 35,781.02 156 8.71%
4 Deutsche Bank 20,507.70 77 4.99%
5 Standard Chartered Bank 19,506.54 127 4.75%

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5 Santander 5,883.67 23 6.96%

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5 BNP Paribas 7,584.94 21 5.87%

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1 ING 2,154.97 17 9.70%
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