Asian Currencies Edge Lower as the Dollar Holds Fi…
From Barchart: 2025-03-24 05:18:00
Most Asian currencies weakened as the U.S. dollar gained strength ahead of impending tariffs on April 2. The U.S. Dollar Index rose to 104.16, reaching a two-week high. President Trump’s targeted tariff approach is expected to impact 15% of nations with trade deficits, causing concerns about global trade volatility.
Investors are bracing for currency fluctuations amid trade uncertainties. The Chinese yuan rose 0.2%, while the South Korean won and Singapore dollar increased by 0.3% and 0.2% respectively. The Indonesian rupiah jumped 0.5%, but the Indian rupee slipped by 0.1%.
Market caution is evident as investors assess the economic impact of potential U.S. tariff adjustments. Real-time forex data from APIs like Forex Daily and Forex WebSocket can help track currency movements amid evolving trade policies. Stay informed to navigate the volatile market environment effectively.
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