Emerging market currencies plunge as dollar soars, domestic woes bite

Emerging market currencies plunge as dollar soars, domestic woes bite

Currencies in Asia followed the pattern, with South Korea's won skidding to fresh 1-1/2 year lows as offshore funds sold their positions while the Singapore dollar and Malaysian ringgit hit multi-year troughs. Eastern European currencies were weaker …

Read more on Reuters

The Fed might knock these Asian currencies

Strong employment data or indications from the Fed that rate hikes are imminent might push Asian currencies lower," according to a Societe Generale note published on Thursday. Dollar bulls have been on a run since last summer, pushing the dollar index …

Read more on CNBC

Currencies Sinking Markets… for Now

With one unit of the common currency now buying a little over $ 1.07, down from $ 1.39 this time last year, we may not even have to wait through summer to see the two currencies trade at parity again. We know how vociferous corporate America was about …

Read more on Zacks.com

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