Reported 2 days ago
Asian currencies have fallen to their lowest in two decades, driven by the strength of the dollar, which is bolstered by solid US economic growth and tariff promises from President-elect Donald Trump. The Bloomberg Asia Dollar Index dropped to 89.0409, its lowest since 2006, as investors react to cautious Federal Reserve signals and potential inflation from trade protectionism. Central banks in Asia are likely to respond by managing the depreciation of their currencies, with significant declines seen in the South Korean won and Indian rupee.
Source: YAHOO