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Being on an upswing since the beginning of 2017, Asian currencies won’t probably trade higher than they’re currently in a year. It’s because the Fed presses on with further interest rate hikes, as a Reuters poll discovered.
Having made inroads due to ascending concerns over Trump's ability to pass sweeping tax dips, the Asian currencies are supposed to generally hold their ground, as the survey of more than 50 foreign exchange experts revealed.
One of the best Asian performers, the Thai baht has soared almost 7% versus the greenback, while the Chinese Yuan, Korean won, Indian rupee, Malaysian ringgit, Taiwan and Singapore dollars have all gained more than 4%.
Meanwhile, the dollar index, assessing the greenback versus six crucial currencies, has slumped nearly 8% in 2017.
As for the Chinese Yuan, it’s predicted to stick to current levels of 6.64 per greenback in six months and tumble moderately to 6.70 in a year, as the poll informed.
On Tuesday, the evergreen buck sank because Donald Trump expressed his strong disagreement with the Fed’s decision to have interest rates lifted…
On Monday, the UK pound inched down because the evergreen buck bounced off and market participants shifted their focus to impending negotiations that might decide whether the United Kingdom gets a trade deal with the European Union before it leaves the…
On Monday, the evergreen buck rallied versus a group of currencies, underpinned by hopes for trade negotiations that traders expect to relieve tensions between China and America…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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