Bloomberg on Nostr: Asian Currencies Slump to 2022 Low on US Rates, Dollar Strength ========== Asian ...
Asian Currencies Slump to 2022 Low on US Rates, Dollar Strength
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Asian currencies have fallen to their lowest level in more than 19 months due to the prospect of higher US interest rates and a stronger dollar. The Bloomberg Asia Dollar Index dropped 0.1% on Thursday, reaching its lowest point since late 2022. Asian currencies have been among the worst performers globally, with the Bloomberg gauge falling over 3% in 2024. Central banks in the region, including India, Vietnam, and Indonesia, have intervened in markets to stem the decline of their currencies. The focus is now on what Japanese authorities will do as the yen continues to plunge.
#AsianCurrencies #UsInterestRates #DollarStrength #BloombergAsiaDollarIndex #CentralBanks #Yen
https://www.bloomberg.com/news/articles/2024-06-27/asian-currencies-slump-to-2022-low-on-us-rates-dollar-strength
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Asian currencies have fallen to their lowest level in more than 19 months due to the prospect of higher US interest rates and a stronger dollar. The Bloomberg Asia Dollar Index dropped 0.1% on Thursday, reaching its lowest point since late 2022. Asian currencies have been among the worst performers globally, with the Bloomberg gauge falling over 3% in 2024. Central banks in the region, including India, Vietnam, and Indonesia, have intervened in markets to stem the decline of their currencies. The focus is now on what Japanese authorities will do as the yen continues to plunge.
#AsianCurrencies #UsInterestRates #DollarStrength #BloombergAsiaDollarIndex #CentralBanks #Yen
https://www.bloomberg.com/news/articles/2024-06-27/asian-currencies-slump-to-2022-low-on-us-rates-dollar-strength