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Nikkei Markets

Focus on fundamentals could help ASEAN currencies

Peso, rupiah to continue to underperform

Malaysian ringgit notes
Many banks say that the outlook is positive for the Malaysian ringgit since the country has a current account surplus that is beneficial for the currency.    © Reuters

SINGAPORE (Nikkei Markets) -- Southeast Asian currencies have had a rough year so far but the pressure on them could ease in coming months as trade tensions settle, returning focus to the region's strong growth prospects and the fundamentals weighing on the U.S. dollar.

Many banks say that the outlook is positive for the Singapore dollar, the Malaysian ringgit and the Thai baht since the three countries all have a current account surplus that is beneficial for their currencies.

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