Asian currencies tumble on projected Trump win

Quick Summary:

Singapore’s dollar and Thailand’s baht slid the most among Asian currencies yesterday, while the Mexican peso hit a two-year low as the dollar surged on projections that Republican Donald Trump had won the US presidential election.

The yuan was last down 0.8%, while the peso dropped as low as 20.7080 for the first time since August 2022.

The central bank governor said the short-term focus was on the rupiah’s stability amid the US election outcome.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaSouth KoreaSingaporeThailand

Topics: TradeImpact AsianMarkets TrumpEffect CurrencySlide Forex DollarSurge MarketVolatility /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 00:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23451770

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