Asian Currencies Slip And Dollar Firms As Hot Data Spurs Rate Hike Concerns

On Monday, there was a drop in Asian currencies, while the US dollar recorded gains, as better-than-expected US nonfarm payrolls data gave rise to concerns about more hikes from the US Federal Reserve. Moreover, worsening ties between China and the United States were also weighing down Asian curren…

By Summer White · Updated Jun 19, 2023