That’s after Southeast Asian currencies occupied the top four spots of regional performance rankings this month amid bets Fed rate cuts are coming in September.
The blistering rally in Southeast Asian currencies versus the dollar may lose momentum as investor exuberance over a pending Federal Reserve policy pivot fades, at least according to one closely-watched gauge of momentum.
The Relative Strength Index for a regional gauge — which indicates when moves look stretched — has breached 80, well above levels which a currency is typically considered overbought, data compiled by Bloomberg show.
