Asian currencies fell to a two-decade low, as the dollar remains buoyed by robust US growth and President-elect Donald Trump’s tariff-hike vows.
The Bloomberg Asia Dollar Index slipped to as low as 89.0409 on Monday, hitting its lowest in data going back to 2006. Asian currencies have been swept aside by the dollar’s broad gains due to Federal Reserve officials’ cautious tone on its interest rate path and investors’ bets that Trump’s tariffs could lead to inflationary pressures.
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