For the purposes of taking a broader view of movements in forex markets...
Chart: 1-year performance of JPY, THB, MYR, CNY, IDR, INR vs the USD (inverted)
Since October, there has been a marked improvement in the performance of Asian currencies. The change means Asian currencies have paired losses over the last 12 months, with the yen and Tai bot entering the black.
A relief rally or turning point for Asia FX?
Chart: 1-year performance of JPY, THB, MYR, CNY, IDR, INR vs the USD (inverted)
Since October, there has been a marked improvement in the performance of Asian currencies. The change means Asian currencies have paired losses over the last 12 months, with the yen and Tai bot entering the black.
A relief rally or turning point for Asia FX?
