MUFG: risk-off bias and preference for safe havens in Asia
FROM THE WIRE · FXSTREET.COM
MUFG’s Michael Wan notes stabilising global risk sentiment but highlights growing concerns over sustainability of the AI trade and its spillover to FX markets. He expects 2027 to be more challenging for risk assets, with Asia’s export growth rolling off. The bank currently…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralViews on Asian currencies and the dollar shape FX flows amid concerns over the AI trade.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01MUFG notes stabilising global risk sentiment but concerns over the AI trade.
- 02The bank prefers KRW, TWD and CNY among Asia tech currencies.
- 03It expects 2027 to be more challenging for risk assets.