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Asian currencies rose to multi-year highs in 2020, how did they move in '21? (Attached is some SGX foreign exchange futures contract information)
The undervaluation and high returns of some Asian markets in 2020, as well as signs of a rebound in most economies, attracted many investors to Asia. Capital flows from stocks and bonds also contributed to a huge transformation in the foreign exchange market. Asian currencies rose to multi-year highs last year. What kind of shift will occur in the Asian foreign exchange market in 2021?