Singapore Greenback, Malaysian Ringgit, Indonesian Rupiah, Philippine Peso – Speaking FactorsUS Dollar weak spot prolonged in opp
Singapore Greenback, Malaysian Ringgit, Indonesian Rupiah, Philippine Peso – Speaking Factors
- US Dollar weak spot prolonged in opposition to the majors and ASEAN alternate charges
- Emergency Fed charge cuts make it simpler for international governments to repay debt
- Absent fiscal help, USD/SGD, USD/IDR, USD/PHP, USD/MYR could fall
US Greenback ASEAN Weekly Recap
The haven-linked US Greenback broadly talking underperformed this previous week in opposition to its main counterparts. That weak spot additionally prolonged to its ASEAN friends such because the Singapore Greenback, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. In different elements of Asia, the Dollar soared in opposition to the Indian Rupee as native banking woes further threatened the economic outlook. USD/MYR appeared previous a Bank of Malaysia rate cut.
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