Asian Currencies Drop in FX Trading

Emerging market currencies on the FX marketAsian currencies are dropping in FX trading as news from China disappoints. With Chinese manufacturing dropping (and the yuan falling against the U.S. dollar), the news for other emerging market currencies on the FX market is not very good.

Leading the down trend amongst Asian currencies is the Indonesian rupiah, which is on the verge of complete collapse. With the global recession, investors are wary of risky investments, and pulling their money out of emerging markets.

This risk aversion means less capital flowing into emerging markets, and that is causing all sorts of problems for formerly prospering emerging market currencies.

See Also

• Asian Currencies and FX Trading
  Emerging markets and major currencies

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