Asian Currencies Decline in Forex Trading
Korean won leads emerging markets down in currency tradingAsian currencies in emerging markets are heading down in currency trading on the FX market that dawn. Thanks to worries by the credit crisis, as well as widening trade deficits due to record oil prices, Asian currencies are struggling in forex trading.
This downward trend by emerging markets in Asia is led by the Korean
won, which has been particularly hard hit and is down 8.6 percent on the year.
Other Asian currencies having trouble in forex trading right now are the Philippine peso and the Indonesian rupiah.
See Also
- Asian Currencies in Forex Trading
Emerging markets and currency trading on the FX market
Original post by Eric J. Fox
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