In 2023, many Asian currencies were battered by a strong US dollar amid persistent inflation, rising geopolitical tensions, and high interest rates. But since last December, most Asian currencies showed signs that they will ride into 2024 on an optimistic note. That’s as investors expected a potential rate cut by the U.S. Federal Reserve as early as March. However such optimism has somewhat faded in the New Year.

So what’s the outlook on Asian currencies now? Which currencies should we look out for? On Money in the Market, Hongbin Jeong speaks to Jerome Tay, Investment Manager, Asian Fixed Income Team, abrdn, to find out more.

Highlights:

1. Now that we have prospects of interest rate cuts, especially by the US Fed, with some pricing in rate cuts as early as March, what would that mean for Asian currencies? - 1:28

2. What are some other themes set to boost or move Asian currencies in the year ahead? - 2:35 

3. What's the overall outlook of the Sing dollar this year? - 6:38

4. Are there any other currencies that you'll be looking out for this year that investors should take note of? - 9:27

5. What other opportunities and value are you seeing in the fixed income space? - 10:13