‘Chaotic era' for Asian currencies: Bank of America is not bullish on any of them

The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a “chaotic era” for these currencies.

Bank of America is bearish on a slew of Asian currencies and neutral at best on others, as the investment bank says it is the start of a"chaotic era."

Bank of America is bearish on a slew of Asian currencies and neutral at best on others, as the investment bank says it is the start of a"chaotic era." The South Korean won recently slipped to an 18-month low of 1,389.5 against the dollar. The Bank of Korea chief called the won volatility"excessive" and said the central bank would intervene if needed.

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