Currencies across Asia are set for a beating, buffeted by a combination of the G3 central banks, a stronger U.S. dollar and newly volatile Chinese yuan, HSBC said. "It will be slim pickings in terms of which Asian currencies to like next year. Even the yuan will be predisposed to bouts of higher volatility, which could further upset the region's currencies," HSBC (London Stock Exchange: HSBA-GB) said in a note Thursday. "While we had expected most Asian currencies to trade on the back foot against the U.S. dollar, some are now even starting to underperform the euro. (more)
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