Asian currencies markets are rapidly developing. Twenty years on from the Asian financial crisis of 1997, Asian local currency markets are now more resilient to foreign flow reversals. The rise of the Renminbi (RMB) as the world’s most heavily traded emerging markets currency is also accelerating business in Asia, gaining global market share from the traditional foreign exchange hubs in London and New York. London’s share of global foreign exchange dropped in 2016 for the first time in a decade, with the three largest Asian trading hubs – Hong Kong, Singapore and Tokyo – capturing much of that business. The internationalisation of the RMB and the rise of both offshore Dim Sum bonds and onshore Panda bonds is also driving RMB trades.
Yet with China’s economy slowing amid currency revaluations how will uncertainty in the macro environment impact RMB volatility? What are the RMB impacts on ASEAN currencies, including the peso, baht, ringgit and rupiah? This roundtable brings together leading analysts to explore local currency impacts on euro, yen and dollar markets, and future trends and strategies to exploit the growth of RMB and ASEAN currency markets in Asia.
Topics for discussion:
- Twenty years on from the Asian financial crisis, what are the new risks for local currency markets in Asia?
- Will London and New York continue to lose ground to Asia in global FX markets?
- How will the China Foreign Exchange Rate regime influence RMB trading?
- Will the rise of RMB impact Asian FX trading including Yen, HK dollar and ASEAN currencies?
- Will we see further RMB devaluation?
- Will RMB onshore/offshore bond markets drive RMB FX markets?
- How will ASEAN local currency markets, especially baht, ringgit, peso and rupiah play out in 2017?
- How is Fintech changing currency markets in Asia?
Special Adviser for Asia, City of London
Digital Transformation Director, Telstra
Chief Asia Economist, Capital Economics
Head of Asia FX Research, Standard Chartered Bank
To register your interest in attending, please contact Conor Paterson at firstname.lastname@example.org.
This event is organised in partnership with: