English>

Market News

Asian Currencies Advance as Dollar Retreats on German Results - BLOOMBERG

FEBRUARY 24, 2025

By 

  • 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.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics