Asian Currencies Rose Amid US Dollar’s Weakness
The Asian major currencies rose against the background of a weakening US dollar. The Thai baht has strengthened to the highest level in two years, and the South Korean won has risen to a 1-month high.
The dollar index fell to more than 10-month low (94.74). The US dollar fell significantly against major currencies on news that the Republican-revised Health Care Bill (Obamacare) did not find support from the majority. Investors are beginning to doubt the ability of the administration of President Donald Trump to fulfill his pre-election promises.