Currency Officials Go on Offensive as Trade Angst in Asia Mounts

Policymakers from Asia’s largest economies turned out in force this week to defend their currencies as the trade war intensified, and strategists say their mission has only just begun.

Officials from China, India, Japan and South Korea have stepped in to bolster their currencies using both words and deeds — efforts market participants say are a pre-emptive move as Washington’s trade war threatens to undermine growth.