US dollar’s decline fuelling dislocations across Asian currencies

Quick Summary:

Asian currencies turbocharged by US dollar weakness are triggering central bank intervention to curb excessive gains.

Asian currency appreciation was also driven by investors reallocating funds away from the dollar.

Currency gains snowballed as domestic exporters sold the greenback frantically on wagers it may keep falling, according to traders who asked not to be identified.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongSouth KoreaMalaysiaTaiwan

Topics: Gains Market Asian Investors Currencies Currency Bank Yuan Greenback Dollar Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 09:25:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 806 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 28383493

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions