
FX VOICE: Asia's central banks set to defend their territory
News reports suggest Asia’s central banks are set for “heavy currency intervention” to defend against the flood of capital leaving the region as US monetary policy tightens. Will this really happen? CT asks the experts.

Siddharth Mathur, Asia-Pacific foreign exchange and local markets strategist, Citi:
Asian central banks are traditionally not averse to intervening in currency markets, although the evidence suggests their efforts are mainly geared towards smoothing volatility rather than influencing the level or direction of the currency.
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