Bank of America not bullish on Asian currencies, cites ‘chaotic era’

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In this article TWD= THB= KRW= CNY= Follow your favorite stocks CREATE FREE ACCOUNT A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho | Bloomberg via Getty Images Chinese yuan BofA forecasts the Chinese yuan to trade at 7.35 against the dollar this quarter and weaken to 7.45 in the third and fourth quarters. The bank expects yuan depreciation pressures to sustain into the second half of the year, due to: the delayed Fed easing, China's disinflationary behavior aggravating...