Market News
Asian Currencies Face Growing Risks With Trump’s China Tariffs - BLOOMBERG
- Outlook for rate cuts may weigh on Asian currencies: Manulife
- Abrdn is wary on positioning ‘too aggressively’ in regional FX
The outlook for emerging Asian currencies is worsening again after US President Donald Trump announced new tariffs
on China, curbing optimism that his threats were mainly bargaining ploys.
Regional currencies have tumbled over the past week, with the Thai baht and South Korean won both sliding about 2%, as rising fears over a global trade war sapped risk appetite.
Asian currencies have also unwound part of their January rally as a number of central banks in the region cut interest rates to support growth.
