Asian currencies weakened after hotter U.S. inflation reinforced expectations for high interest rates, outweighing support from strong Chinese exports.
@herasoover.bsky.social
@herasoover.bsky.socialAsian currencies weakened after hotter U.S. inflation reinforced expectations for high interest rates, outweighing support from strong Chinese exports.
@herasoover.bsky.socialAsian currencies weakened as investors moved toward safe havens. The Philippine peso hit a record low while the Korean won fell to a two-week low.
@emiliolindosa.bsky.socialAsia Times@asiatimesonline
Rich nations are borrowing like emerging markets, and Asia is paying the price. With US #TreasuryYields above 5%, capital is being pulled toward dollar assets, forcing policymakers to choose between growth and defense of exchange rates. #AsianCurrencies
@herasoover.bsky.socialAre Asian currencies entering a more volatile phase?
The won surged on AI-related capital flows while the yen swung sharply amid BOJ hawkishness and intervention speculation.
#AsianCurrencies #KRW #JPY #BOJ #Forex #Semiconductors #MarketNews