Asian Currency Levels to Watch as Trump Returns to White House
- Options market signals investors are more bullish on dollar
- Ringgit looks poised to top Asian currency ranking this year
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The weakness in Asian currencies is bringing some key levels into view as traders brace for further dollar gains under a Donald Trump administration.
The Bloomberg Asia Dollar Index is on track for a third straight monthly loss on bets that Trump’s low-tax, high-tariff policies will fan inflation and bolster the dollar. Latest data from Commodity Futures Trading Commission show both hedge funds and asset managers ramped up their long dollar positions to the highest since May, signaling more downside risk for Asian currencies.