NDF Mart Too Optimistic On Asia Currencies

The non-deliverable forward market is failing to price in enough Asian currency depreciation against the U.S. dollar, Calyon analysts believe.

  • 04 Mar 2009
--Daniel Flatt

The non-deliverable forward market is failing to price in enough Asian currency depreciation against the U.S. dollar, Calyon analysts believe. Sebastian Barbe, head of emerging market research in Hong Kong, said the four-month USD/PHP, USD/MYR and USD/TWD pairings do not reflect where trading levels are likely to ...

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