Asian currencies appreciated against the US Dollar

Source: Bloomberg

Asian currencies increased against the US Dollar on Wednesday. The Indian Rupee and the South Korean Won both rose 0.2% to conversion rate of KRW 1135.70 and INR 54.26 per USD. The Taiwan Dollar and the Thailand Baht both climbed 0.1%,  reaching level of TWD 29.866 and THB 31.46 per USD. Moreover the Yuan appreciated by 0.07% to CNY 6.3477 per USD. A 0.7% increase in US factory orders is likely to be the main driver for the currency fluctuations, analysts claimed.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.