MARKET NEWS
Asian Currencies Advance as Dollar Retreats on German Results - BLOOMBERG
- South Korean won, ringgit lead EM Asian currencies higher
- Dollar weakens as euro gains after German election result
The South Korean won led most emerging-Asian currencies higher as the dollar slid after Germany’s conservative opposition leader won Sunday’s federal election.
The Korean won and the Malaysian ringgit rose by 0.5% each on Monday. Other emerging market currencies like the Polish zloty and the Romanian leu also advanced. Stocks traded lower as US President Donald Trump restricted Chinese spending on some strategic US sectors.