January 27, 2025 04:17 GMT
ASIA: Asian Currencies Mixed As Tariffs and Holiday’s Dominate.
ASIA
- Asian currencies were mixed with Korea and Indonesia out and Chinese Lunar New Year holidays about to begin.
- With headlines that the President was being charged, and the tech sector challenged by DeepSeek, the won had a tough day losing -0.453%.
- Malaysia’s Ringgitt continued its period of lower volatility relative to regional peers, rising +0.073%.
- They Yen followed suit as investors begin to embrace the idea of higher rates. The Yen gained +0.07%.
- China’s USD/CNY fixing printed at 7.1698 versus a Bloomberg consensus of 7.2451.
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