Asian currencies remain under cloud as trade war drags on | Editorji
  1. home
  2. > international
  3. > Asian currencies remain under cloud as trade war drags on
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Asian currencies remain under cloud as trade war drags on

Aug 29, 2019 14:35 IST

Investor sentiment towards most Asian currencies has soured over the last few weeks, as an escalation in the  Sino-U.S. trade war  pushed a flight from risk assets.The yuan is one of the worst performing Asian currencies so far in 2019, after Chinese authorities allowed the tightly managed unit to breach the key 7-per-dollar level earlier this month. Investors are also cautious about the Indian rupee with  short positions rising to the highest since November 2018.Bearish bets on the South Korean won are at a more than a three-month high and those on the Taiwan dollar  at a two-month peak.

 

International