Reuters Poll: Outlook for Asian currencies brightens as Trump trade fades

According to the latest Reuters poll of more than 60 foreign exchange strategists surveyed over the past week, most of the major Asian currencies are likely to hold onto most of their gains made this year versus the US dollar over the coming 12 months.

Key Points:

“The Yuan is predicted to trade at 6.95 per dollar by the end of this year, compared to 7.2 forecast at the beginning of the year.

The Indian rupee is tipped around 65.5 to the dollar by end-2017 compared to 69.5 seen in January poll.

Bets in the latest poll have turned less bullish for the dollar as much of the Federal Reserve's policy tightening plan has already been priced-in and the real risk now is that the central bank may be pushed off its path.”