ASEAN FX: Regional data and growth concerns – MUFG - tmgm.com
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ASEAN FX: Regional data and growth concerns – MUFG tmgm.com
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4 itemsAsia FX 2025 Outlook Podcast Series #4: How will ASEAN FX perform?
The desk anticipates that ASEAN currencies will experience a positive trajectory through 2025, driven by robust economic growth and a favorable geopolitical landscape under a potential second Trump presidency. Per the full note from MUFG EMEA, this outlook hinges on the region's resilience and adaptability to external shocks. The ASEAN economies are projected to benefit from increased foreign direct investment and trade diversification, particularly as the U.S. seeks to strengthen ties in Asia. This growth narrative is underscored by a forecasted average GDP growth rate of 4.5% for the region, suggesting a supportive environment for currency appreciation.