Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia mostly recovered in Tuesday afternoon trade as investors cheered a reprieve in U.S.-China trade tensions surrounding Chinese telecommunications giant Huawei.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
Investors should sell the Australian dollar and New Zealand dollar, and put their money in the Chinese yuan and the Singapore dollar instead, according to the Head of Asia Research at ANZ bank, Khoon Goh.
"The trade we've been recommending is to short the Australian dollar against the Singapore dollar, and to short the New Zealand dollar against the yuan," Goh told CNBC on Friday.
Shorting is a trading strategy that involves selling a borrowed stock or currency, with a view that it will drop in value, and can be bought back later at a lower price.
"I think that provides a good mix of play into the dovishness of the antipodean central banks and also the resilience of the Asian currencies," Goh said, referring to the central banks in Australia and New Zealand.
This week, the Reserve Bank of New Zealand shocked investors when it announced its next move in interest rates was more likely to be a cut. The Kiwi dollar was hit as a result on Wednesday, dropping 1.6 percent to below $0.68, while the Australian dollar weakened half a percent to $0.71.
The Australian dollar has also been hit hard this year, pummeled by twin concerns of its own economy and that of China — it's largest trading partner.
While Goh is expecting both those currencies to fall in value, he was a little more positive on the Australian dollar, saying that there was "further scope for the Aussie to outperform the Kiwi."
Comparatively, Goh said he was "fairly optimistic about the Chinese yuan."
"We're expecting the yuan to appreciate over the course of this year, largely on the back of our view that Chinese growth will start to stabilize in the second quarter as it responds to the various stimulus measures," he said.
Goh said he was "bearish" on the euro in the near term, predicting that it would weaken against the dollar and "break the 1.10 level."
On Friday, the euro was around 1.1225, weakening from levels above 1.13 the week before.
He pointed to current and upcoming developments for his forecast: Elections in Europe in May, and weak economic data in the region.
"We ... have European elections coming up in May, which could well see the populist factions gaining further support. The economic data from the Eurozone is still looking quite ugly," Goh said.
Germany's manufacturing activity dropped to its lowest level in more than six years in March, according to data from IHS Markit this week; while manufacturing in the eurozone also fell to its lowest level since April 2013.
"So you put that altogether, it certainly suggests that there is more downside in the euro over the coming three months," Goh said.