Bangkok, January 8 (Reuters) – Most Asian currencies remained slightly stronger on Friday, but all units were downgraded this week due to growing pressure from the Federal Reserve. Rate increases.

A.D. In the first week of 2022, the Malaysian Ringit and the South Korean winners are set to lose about 1% each, and the Thai Ba’athist is looking for its worst weekly decline since early December.

Of the region’s stocks, India’s Nifiti 50 is set to gain 2.7% weekly gain, the best in four months, although Asia’s second-largest economy has seen a sharp rise in new VV-19 cases, with a 117,100 jump-five-week increase on Friday.

Singapore stocks have been chasing more than 2% weekly gains, with the Malaysian and Philippine benchmarks set for a loss of 2% each since mid-March.

Indonesia’s rupee increased its four-session loss to 0.3 percent a day. A.D. It has lost 1% since the beginning of 2022, with rapid US inflation opportunities, a strong dollar and the government’s decision to ban coal exports in January a 0.7% weekly dip.

Indonesia’s 10-year benchmark index rose 6.445% in nearly three weeks after falling more than a month earlier in the week, with US Treasury products rising on an earlier federal bond.

Indonesian bonds are overwhelmed by external factors, such as increased U.S. production and more faltering Fed, which could lead to a limited bond flow from Indonesia in the short term, said Wei-Liang Chang, an FX and loan strategist. DBS Bank

Although Southeast Asia, the largest economy in Indonesia, is worried about rising inflation in November, it remained below the Bank of Indonesia (BI) 2021 range until December, but the Central Bank’s uncertainty over the spread of the Corona virus Omicron is holding interest rates. At lower levels.

However, DBS Bank analysts Duncan Tan and Eugene Lew expect that “the fast-moving Fed will increase the pressure on its own fast-moving cycle, eliminating the need for local bonds and currency to sell.”

The Chinese yuan lost 0.4% this week, the biggest drop since late August, and the Philippine peso is down about 0.5%, the third straight loss for the week.

Investors look forward to reporting on key U.S. operations at a later date to assess whether the data confirms the federation’s desire to accelerate. – Bloomberg


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