Asia Dodges Emerging Slump as Trade Trumps Ukraine: Currencies
This article is for subscribers only.
The faltering emerging-market currency rally is stronger than ever in Asia.
Of the nine developing-nation exchange-rates to strengthen in August, six were from Asia, with South Korea’s won and Malaysia’s ringgit leading the gains. A Bloomberg index of the 20 most-traded emerging-market currencies posted its first back-to-back monthly drop since January as geopolitical strife and the withdrawal of extraordinary monetary stimulus in the U.S. makes investors choosier about where they put their cash.