Brendan McKenna, an emerging market economist and foreign exchange strategist at Wells Fargo, commented on the Federal Reserve's decision: Foreign exchange in emerging markets in Asia is expected to catch up with the rise of emerging market currencies during the New York period. The long-awaited hawkish interest rate cut by many market participants has not been realized, and the increase in the scale of purchases of US Treasury bonds should put further depreciation pressure on the dollar. The basis for strengthening Asian emerging market currencies will be broad, and high-beta currencies such as the won and Indonesian rupiah are likely to outperform the market. The performance of the won is slightly behind, so the valuation looks more attractive and may provide more room for growth. There is a similar situation with the Indonesian rupiah.

Brendan McKenna, an emerging market economist and foreign exchange strategist at Wells Fargo, commented on the Federal Reserve's decision: Foreign exchange in emerging markets in Asia is expected to catch up with the rise of emerging market currencies during the New York period. The long-awaited hawkish interest rate cut by many market participants has not been realized, and the increase in the scale of purchases of US Treasury bonds should put further depreciation pressure on the dollar. The basis for strengthening Asian emerging market currencies will be broad, and high-beta currencies such as the won and Indonesian rupiah are likely to outperform the market. The performance of the won is slightly behind, so the valuation looks more attractive and may provide more room for growth. There is a similar situation with the Indonesian rupiah.