Currencies of developing country on downward trend


The currencies of the developing countries are down before the release of critical employment data in the US.

In Asia, the currency units have fallen, while some important markets do not deal due to the holiday before the employment data to be announced on Friday in the US. The index, which is composed of the region’s stock markets, has risen on the 3rd day as the stocks did not change much. WU Mingze, a foreign exchange trader at INTL FCStone in Singapore, said that the risk of a fall in currencies is high with strong employment prospects in the US.

The won of the South Korea rose to the highest level since October 2016, while 10-year bond yields rose to 2 basis points. NH Futures analyst Ming Gyeong-won said that foreign interest in South Korean stocks is high, which would put pressure on the dollar-won parity.

The Indonesian rupee is weaker than last week’s rally. The interest on the 10-year bond was down 1 basis point. Foreign funds received a net 4.78 trillion worth of bonds on May 24th.

Malaysian ringgit ended the 6-day rise with technical indicators pointing to an upswing against the dollar. The KLCI Index has remained unchanged for 10 years.

The good luck of Thailand end and rise of Thai stopped while the 10-year bond interest rose on the 5th day. Global investors bought bonds worth $ 9.6 billion ($ 282 million) on Friday, the biggest entry since April 3. Today, the United States, the United Kingdom, China and Taiwan are not trading due to holidays.

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Currencies of developing country on downward trend

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