News Snapshot:
Imagine the Asia-Pacific region as a Venn diagram of two overlapping circles, one circle representing China and one the United States. Where the two circles overlap are the other countries in the region, economically exposed to both China and the US and left facing monetary policy dilemmas when the Chinese and US central banks are following divergent trajectories. From a currency market perspective, this scenario spells opportunity. The foreign exchanges are adept at reflecting changing circumstances and identifying value. In the Asia-Pacific, a combination of rising commodity and food prices at a time when China’s continuing adherence to a zero-tolerance...
