Asian currencies appreciated against the US Dollar

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.