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Most emerging Asian currencies were set for weekly losses as a stronger dollar and higher US Treasury yields pushed global investors out of regional assets. The Indian rupee neared a record low before central bank intervention, and the yuan eased from an 8.5-year low.
Analysts expect pressure to persist because of expected US rate hikes and Trump's protectionist trade stance.
A broad Asian currency sell-off raises the local-currency cost of imported feed and oilseeds for buyers in the region, while weak exporter currencies can support their export competitiveness.
malaysia-today.netMT WebmasterNov 25, 2016Not enough comparable past events yet for a historical read.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
