Title: Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness
Post by: Bitcoin on Jun 28, 2024, 05:59 am
Post by: Bitcoin on Jun 28, 2024, 05:59 am
Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness
Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are […]
Source: Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness (https://news.bitcoin.com/asian-currencies-hit-19-month-low-devere-ceo-predicts-continued-weakness/)
Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index fell by 0.1% on Thursday, marking its lowest point since November 2022. Significant declines in the Philippine peso, Indian rupee, and South Korean won are […]Source: Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness (https://news.bitcoin.com/asian-currencies-hit-19-month-low-devere-ceo-predicts-continued-weakness/)