Asian currencies in longest losing streak since
January on Fed
In this article, it’s stated that
Asian currencies has been dropping since January as the U.S. Interest rate is
believed to increase, which dimmed the appeal of emerging- market asset.
Malaysia, would be vulnerable to
outflows from emerging market as 32% of Malaysian government’s debt held by
oversea investors.
Korean’s won felt 0.5 percent to 1,047.85, the
weakest level since April
Chinese’s Yuan felt 0.1% to 6.1415 per dollar. Taiwan’s
dollar depreciated 0.6 percent from Sept. 12 to NT$30.258.
India’s rupee fell 0.3 percent to 60.8275. Thailand’s baht
gained 0.1 percent to 32.20, while Vietnam’s dong was little changed at 21,205.
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