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Asian Currencies Tumble to Seven-Year Low Amid Stock Outflows

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Emerging Market Currencies: More Downside Ahead?

A gauge of Asian currencies reached its weakest level since April 2009 as the dollar’s strength prompts investors to sell emerging-market assets.

All major Asian currencies have declined against the U.S. dollar since Donald Trump’s unexpected win in the U.S. presidential election on Nov. 8. Malaysia’s ringgit and South Korea’s won lost at least 2.8 percent each. A gauge of the greenback erased its losses this year as U.S. Treasury yields surged on speculation Trump’s pro-growth policies will stoke inflation.