EM Asia Currencies Rebound

By Patturaja  Murugaboopathy 
    Nov 7 (Reuters) - Emerging Asian currencies rebounded on
Tuesday as a dollar rally lost some steam on lower U.S. Treasury
yields and investors were sceptical that the U.S. Congress will
quickly pass a major tax bill.
  However, investors were wary of a possible escalation in
political tensions that could affect the won and other regional
currencies, with U.S. President Donald Trump visiting South
Korea on Tuesday.
    Trump is on a 12-day tour in Asia, covering five Asian
countries, to discuss trade policies and North Korea.
    Given tensions over North Korea, the dollar-yen should
remain a bit weak this week despite the Bank of Japan's doggedly
dovish efforts to weaken the yen, Stephen Innes, head of trading
in Asia-Pacific for Oanda in Singapore, said in a report.

Reuters

 

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