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Dollar deal for Asia currencies

SG Hambros is offering a capital-guaranteed structured product linked to the performance of Asian currencies against the US dollar.

The 12-month USD propulsive certificate offers investors 110 per cent of any appreciation of selected Asian currencies against the dollar over that period, with capital guaranteed if the product is held to maturity.

The basket is equally weigh- ted of Singapore dollar, Korean won, Taiwan dollar, Chinese yuan, Hong Kong dollar and Indian rupee.

Chief investment officer Andrew Popper says: “There is significant potential for Asian currencies to appreciate against the dollar. High levels of US treasury and agency bond purchases by Asian central banks have kept Asian currencies relatively weak against the dollar but sustained the competitiveness of their exports.

“But revaluing China’s yuan and reducing its dependence on the US dollar signals that Asian banks will no longer sustain purchases at these levels which is likely to weaken the US dollar against Asian currencies.”


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