Currencies, stocks tumble as dollar surges on Trump trade momentum

Quick Summary:

Asian currencies extended losses on Thursday, pressured by the greenback surging to a one-year high on momentum triggered by Donald Trump's election victory while emerging market stocks traded lower on an uncertain economic outlook.

Investors have hiked their short bets on Asian currencies, according to a Reuters poll.

Meanwhile, the Indonesian finance minister defended plans to raise value added tax in January amid criticism it will hurt consumers, in order to maintain the health of the state budget.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndiaIndonesiaThailandUnited States

Topics: Asian /Business/Business News Greenback Currencies Donald Trump Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:22:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23582638

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

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News Last Updated: 17 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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