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Goldman Sachs: The Federal Reserve's expected rate cut is beneficial for Asian currencies

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2025-09-22 03:47:47
Two members of Goldman Sachs' economic research department said in a report that the expected Federal Reserve rate cut is positive for Asian currencies. Goldman Sachs remains generally optimistic about Asian currencies in the coming months, supported by a bearish view on the dollar. The researcher believes that in emerging markets in Asia, the Taiwan dollar and South Korean won should outperform other high-yield currencies such as the Singapore dollar, the Malaysian ringgit and the Indian rupiah and the Indonesian rupiah. In addition, the Federal Reserve rate cut should be positive for Asian bonds. Goldman Sachs believes that high-yield markets such as Philippine five-year bonds and Indian 30-year bonds are the most valuable. (Jin Ten)
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