Chief Correspondent, Asian FX and money markets
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Apr 2, 2014

Apocalypse Now? China ‘bears’ hope for their ‘told you so’ moment

SINGAPORE (Reuters) – “It’s like a horror movie. People like to watch, but don’t want to be in it,” quips economist Andy Xie about his popular lectures where he predicts a collapse in China’s property and stock markets.

The former Morgan Stanley economist is among the more moderate of the bearish voices that have called the ‘China crash’ since the late 1990s. The more extreme doom-mongers have been forecasting everything from a property meltdown and debt crisis to full-blown economic recession and even political revolution.

Mar 13, 2014

Analysis: Indonesia’s stock market set for another boost from earnings

SINGAPORE (Reuters) – Asia’s best performing stock market this year, Indonesia, is now seeing a string of upgrades in corporate earnings forecasts that could give the rally further momentum and cement its lead in the region.

Jakarta’s stock market .JKSE is basking in the quick turnaround the economy made from last year’s currency crisis, helped by a rise in interest rates and an improvement in the country’s huge trade deficit. The index has risen 17.5 percent in dollar terms so far in 2014, with the rupiah’s rally contributing to those gains.

Mar 13, 2014

Indonesia’s stock market set for another boost from earnings

SINGAPORE, March 13 (Reuters) – Asia’s best performing stock
market this year, Indonesia, is now seeing a string of upgrades
in corporate earnings forecasts that could give the rally
further momentum and cement its lead in the region.

Jakarta’s stock market is basking in the quick
turnaround the economy made from last year’s currency crisis,
helped by a rise in interest rates and an improvement in the
country’s huge trade deficit. The index has risen 17.5 percent
in dollar terms so far in 2014, with the rupiah’s rally
contributing to those gains.

Feb 19, 2014

New Indonesian rupiah reference rate will boost offshore forwards

SINGAPORE, Feb 19 (Reuters) – Offshore markets in the
Indonesian rupiah are shifting to a new reference rate for
trading the currency, one that will provide investors with a
more credible and reliable hedge for their exposure to the
volatile Southeast Asian economy.

Market regulators in Singapore announced on Tuesday that the
non-deliverable forwards (NDF) market in the Indonesian rupiah
will use a reference rate set by Indonesia’s central bank to
settle their expiring contracts, switching from a fixing rate
that is now determined by banks in Singapore.

Jan 30, 2014

China’s yuan carry trade, an anchor and a risk for Asia

SINGAPORE (Reuters) – When China averted a default in its shadow banking industry last week in the midst of an emerging market meltdown, investors globally heaved a sigh of relief.

They may however be overlooking another major stress point in China’s backyard: a mountain of foreign money invested in the yuan carry trade.

Jan 23, 2014

Yuan and rupee win as FX investors cherry-pick within Asia

SINGAPORE (Reuters) – From a rapidly rising Indian rupee to a falling Singapore dollar, 2014 is shaping up to be a year in which investors in Asian currencies will not merely discriminate heavily but also pick trades that reduce exposure to the fickle U.S. dollar.

There is far greater consensus this year than in 2013, when the main drivers of currencies were concerns over when the Federal Reserve will begin tapering its easy policy and how much of money will leave emerging markets.

Jan 23, 2014

Rupee, yuan win as forex investors cherry-pick in Asia

SINGAPORE (Reuters) – From a rapidly rising rupee to a falling Singapore dollar, 2014 is shaping up to be a year in which investors in Asian currencies will not merely discriminate heavily but also pick trades that reduce exposure to the fickle U.S. dollar.

There is far greater consensus this year than in 2013, when the main drivers of currencies were concerns over when the Federal Reserve will begin tapering its easy policy and how much of money will leave emerging markets.

Dec 13, 2013

Analysis: Asia FX carry trade returns but hostage to volatility

SINGAPORE (Reuters) – The currency carry trade is making a slow comeback in Asia although, unlike its popular pre-crisis version, punters are more selective in their investment targets for fear that market volatility could leave them with losses.

This time, carry traders are eschewing traditional high-yielding currencies such as the Australian dollar, Indian rupee and Indonesian rupiah in favor of the stability of the Singapore dollar and Chinese yuan.

Dec 12, 2013

Asia FX carry trade returns but hostage to volatility

SINGAPORE, Dec 13 (Reuters) – The currency carry trade is
making a slow comeback in Asia although, unlike its popular
pre-crisis version, punters are more selective in their
investment targets for fear that market volatility could leave
them with losses.

This time, carry traders are eschewing traditional
high-yielding currencies such as the Australian dollar, Indian
rupee and Indonesian rupiah in favour of the stability of the
Singapore dollar and Chinese yuan.

Dec 5, 2013

S.Korean market volatility edges up from contrived historic lows

SINGAPORE, Dec 5 (Reuters) – After months of being
artificially suppressed at historic lows, the price of
volatility in South Korean stock and bond markets is moving
higher and towards more realistic levels.

The approaching year-end has driven down volumes in
structured notes and other derivatives that had kept a lid on
Korean markets, revealing their actual volatility.

    • About Vidya

      "Vidya Ranganathan joined Reuters in 1998, prior to which she worked in the dealing room of Societe Generale in Mumbai for 3 years, selling treasury products to customers. Of her 11 years at Reuters, the first 4 years were in Mumbai, where she wrote about the Indian rupee and economics and also worked with the fixed income association in developing some of the benchmarks for the swap market. Vidya moved to Singapore in 2002, and has since been regularly reporting and analyzing Asian non-deliverable forwards and currencies, inflation, interest rates and the whole range of emerging Asian economics."
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