16-05-2025
Asian Currencies May Chart Different Paths After Recent Rally
Asian currencies are set to take divergent paths after a collective rally against the dollar, as investors navigate trade uncertainty and growth concerns about the world's top two economies.
China's yuan may appreciate beyond its current resistance of 7.20 against the greenback by some estimates, while South Korea's won faces 1,380 per dollar as the immediate ceiling. Meanwhile, the Malaysian ringgit and Thai baht both may resume weakening, with India's rupee eying support at 86.20 per dollar.
