Reported about 15 hours ago
Emerging Asia's central banks are reducing their interventions in currency markets as the US dollar weakens, with countries like India, Malaysia, and Taiwan allowing their currencies to strengthen. The shift reflects concerns over potential backlash from the US amidst ongoing trade negotiations, as well as changing market dynamics. While some countries may continue interventions, a trend towards less aggressive currency management is evident among major central banks in the region.
Source: YAHOO