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When US President Donald Trump announced sweeping trade tariffs, the greenback, as measured by the Bloomberg Dollar Spot Index, recorded its largest drop on record. Meanwhile, Asia's trade-sensitive currencies also tumbled to multiyear lows, with Southeast Asian assets bearing the brunt of the sell-off. Christopher Wong, FX Strategist, OCBC tells us what are the factors that determine forex movements and their houseview.
Image Credit: Shutterstock.com
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When US President Donald Trump announced sweeping trade tariffs, the greenback, as measured by the Bloomberg Dollar Spot Index, recorded its largest drop on record. Meanwhile, Asia's trade-sensitive currencies also tumbled to multiyear lows, with Southeast Asian assets bearing the brunt of the sell-off. Christopher Wong, FX Strategist, OCBC tells us what are the factors that determine forex movements and their houseview.
Image Credit: Shutterstock.com
See omnystudio.com/listener for privacy information.
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