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Dollar Short Against Most Emerging Asia Currencies and China

Posted by WorldWideMarkets . on Oct 24, 2013 3:10:00 AM
The dollar is short against every major Asian currency other than the Indonesian rupiah based on the survey results from one major house. To varying degrees it is short against the Chinese yuan, the Korean won, the Singapore dollar, the Taiwanese dollar,  the Indian rupee, the Malaysian ringgit, the Philippine peso and the Thai baht.
Just a few weeks ago, the U.S. dollar was the only sure bet and emerging markets were going to take a hit if they hadn’t already done so. Who can forget the Indian rupee at an all time low?
Now? Since the shock Fed decision to leave stimulus unchanged on September 25, the Chinese yuan has gained 0.5 percent against the U.S. dollar, the Korean won , 1.6 percent, the Singapore dollar,  1.5 percent, the Taiwanese dollar, 0.8 percent, the Indian rupee, 1.8 percent, the Malaysian Ringgit, 1.4 percent, the Phillipine peso 1 percent, and the Thai baht 1 percent.
And the Indonesian rupiah, the only currency of the nine major Asian plays short the dollar is still up 1.6 percent against the greenback.Indian rupee trading

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