From Financial Modeling Prep: 2025-05-19 06:27:00

Asian currencies held steady despite Moody’s downgrade of the U.S. credit rating. The dollar weakened, but China’s factory data did not boost the yuan. The yen strengthened, while ASEAN currencies remained flat. The won and Taiwan dollar faced pressures in tech and export sectors.

Tariffs may impact Chinese manufacturing, but recent trade tensions could spur activity. Mixed data hint at a slowdown in China’s recovery post-pandemic. Traders can monitor currency movements with FMP’s Forex Daily API and prepare for central bank announcements with the Economics Calendar API.

Market participants should monitor BOJ and U.S. debt talks for currency shifts. China’s factory output versus retail sales signals selective currency plays. Utilizing real-time feeds like Forex Daily rates and economic-calendar alerts can enhance FX risk management.



Read more at Financial Modeling Prep:: Asian Currencies Tepid as Dollar Dips Following Mo…