Asian currencies tumble as dollar surges on Trump win wagers

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The story "Asian currencies tumble as dollar surges on Trump win wagers" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 2w ago

Asian currencies tumble as dollar surges on Trump win wagers - The Star

Quick Summary:

SINGAPORE's dollar and Thailand's baht fell the most among Asian currencies on Wednesday, while the Mexican peso hit a two-year low as the dollar rallied on wagers for Donald Trump to win the U.S.presidential election, which stayed too close to call.

Thailand's baht slumped 1.3% to a two-month low, while the South Korean won also fell as much as 1.5% to its lowest since mid-April.

The central bank also said it was closely monitoring the U.S.election and was prepared to manage market volatility and ensure orderly market conditions.