Flash: Asia down on USD as Fed tapering weighs on sentiment – UOB Group
FXstreet.com (Barcelona) – The Market Strategy Team at UOB Group comment that Asian currencies were broadly lower on Mon, as concerns of US Fed’s tapering its bond buying ahead continued to weigh on sentiment.
“In yesterday’s session, THB led with a 0.5% decline to 31.960/SUD after touching 31.970, lowest level since 13 Sep, weighed down by domestic political factors as PM Yingluck said on Mon she will not step down or dissolve parliament, after more than 100,000 people joined anti-government rally in Bangkok on Sunday.”
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