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Expert picks 2010 Asian currency outperformers

February 18, 2010  

UBS foreign exchange strategist Nizam Idris considers how Asian currencies are likely to perform against the US dollar this year given the pace of global recovery and the possihle threat of rising inflationary pressure.

Asian economies are seeing large fund inflows as global economic recovery continues, while major central banks are not withdrawing liquidity in a big way just yet. This is perhaps the sweet-spot for Asian currencies: funds are being put to work...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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