BMI Research: Asia Monitor: China & North East Asia Monitor: FX Strategy: Sticking With Safety.

The article presents an outlook for Asia FX markets. It forecasts a relief rally for Singapore and Taiwanese dollars following the sharpest sell-off in the Asian financial crisis while a slowdown in the global growth is expected to hit Indonesian exports causing a reversal in the masses of hot money that poured into Indonesia. It notes that Chinese Yuan Renminbi (CNY) is believed to be overvalued given the strength seen in the unit along with high rate of inflation.