By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Asian currencies could be about to break their long-standing link to the global industrial cycle and transform into good safe havens if the world economy heads for a new major slowdown, according to some analysts. Though they have historically tracked movements in the U.S. ISM Manufacturing Index, analysts at Standard Chartered said Thursday that the region's currencies may decouple from this pattern in coming quarters, thanks to China's new currency policy. By Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Asian currencies could be about to break their long-standing link to the global industrial cycle and transform into good safe havens if the world economy heads for a new major slowdown, according to some analysts. Though they have historically tracked movements in the U.S. ISM Manufacturing Index, analysts at Standard Chartered said Thursday that the region's currencies may decouple from this pattern in coming quarters, thanks to China's new currency policy.

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