Sentiment towards most Asian currencies worsened in the past two weeks, a Reuter...
The poll was closed on Wednesday, before equities worldwide crumbled after an inverted U.S. bond yield curve ramped up fears of a global recession.outpaced that of its peers, with short bets on the currency climbing to their highest since June.
The currency later stabilized and Trump has delayed some tariffs, offering small pockets of relief that have since been obliterated thanks to the recession warning and weak growth data out of China. Hong Kong’s pro-democracy protests have also featured in the U.S.-China trade rhetoric, after Trump tweeted on Wednesday about the trade deal and urged Beijing to seek a humane resolution to the city’s months-long political crisis.
Thailand’s central bank last week joined counterparts in India and New Zealand to stun markets with a series of surprise interest rate cuts that signaled policymakers’ dwindling ammunition to fight off an economic downturn.
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