Massive flow of foreign money into Asian stocks, Bonds
OCBC Bank is reporting a massive flow of money into Asian stocks and bonds over the last week, which is one factor behind the continued strength of the Singapore dollar.
Click here to see the graph.
The report also noted:
• Bonds also have experienced strong inflows in the latest week, especially pertinent for currencies like MYR, IDR.
• Asian FX underpinned by resurgence of reported equity inflows.
• Collapsing DXY has provided the path of least resistance for Asian currencies.
• Broad Asian FX strength has tempered the EUR’s upward re-capitulation against the region.
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