Goldman Sachs: The Fed's expected interest rate cuts are favorable for Asian currencies.

On September 22, Jin10 reported that two members of Goldman Sachs' economic research department stated that the expectation of Fed interest rate cuts would be beneficial for Asian currencies. Supported by a bearish view of the dollar, Goldman Sachs remains generally optimistic about Asian currencies in the coming months. The researchers believe that in emerging markets in Asia, the New Taiwan Dollar and the South Korean Won are expected to outperform other high-yield currencies such as the Singapore Dollar, Malaysian Ringgit, Indian Rupee, and Indonesian Rupiah. Furthermore, Fed rate cuts should be advantageous for Asian bonds, with Goldman Sachs identifying high-yield markets like Philippine five-year bonds and Indian 30-year bonds as the most valuable.