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Asian currency winners identified in 2010

February 19, 2010  

Mirza Baig, Deutsche Bank's head of Asia foreign exchange strategy, considers which currencies stand to benefit from a continued decline of the US dollar this year.

Asian currencies generally trade with the US dollar trend, although some more so than others. On the basis of historical correlations we can say that the most “dollar sensitive” currencies tend to be the Singapore dollar, Malaysian ringgit and Taiwanese...


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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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