The U.S. dollar is expected to remain resilient despite possible Fed rate cuts this year.
Asian currencies could be on the "back foot" this year despite signals that the U.S. Federal Reserve could cut interest rates soon, according to Julia Wang, executive director and global market strategist at JPMorgan Private Bank.
Emerging market currencies often stand to gain when the Fed cuts interest rates and the U.S. dollar weakens.
"The dollar probably could remain somewhat resilient," Wang told CNBC's Squawk Box Asia on Wednesday.
However, Supaat, pointed out that Asian currencies did rally last year when there where expectations that the Fed was going to cut rates.
Persons:
Julia Wang, Wang, CNBC's, Saktiandi Supaat, it's, Supaat
Organizations:
U.S, U.S . Federal, JPMorgan Private Bank, U.S ., Asia
Locations:
U.S, China