Asian Currency Index Drops to Two-Year Low as China, Trump Weigh
- Asia FX gauge has fallen more than 4% in the fourth quarter
- Currencies weighed by disappointment over China’s stimulus
An index of Asian currencies fell to the lowest in more than two years amid pessimism over China’s economic outlook and speculation a Trump administration will drive dollar gains.
The Bloomberg Asia Dollar Index edged lower to 89.9091, a level last seen in November 2022. The gauge has fallen more than 4% since the end of September, set for its worst quarterly performance in more than two years.