'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them

cnbc.com/2024/04/24/bank-of-america-not-bullish-on-asian-currencies-cites-chaotic-era.html

BofA forecasts the Chinese yuan to trade at 7.35 against the dollar this quarter and weaken to 7.45 in the third and fourth quarters. The bank expects yuan depreciation pressures to sustain into the second half of the year, due to: the delayed Fed easing, China's disinflationary behavior aggravating yield gap with the U.S. and a weak financial account as a result of a…

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