Asian Currencies Rose Under The Ringgit Leadership
Agreeing on $ 2 trillion incentive package in the US supports currencies
Most currencies rose in Asia, led by the Malaysian ringgit. The index consisting of the Regional Exchanges declined.
The US Senate approved the record incentive package of 2 trillion dollars and sent it to the House of Representatives. Currencies gained strength against the dollar with this development.
Bloomberg Dollar Spot Index fell 0.1 percent, MSCI AC Asia Pacific Index fell 0.1 percent.
Indonesian rupee, Indian rupee, and ringgit gained more than 1 percent. The Chinese yuan has also strengthened against the dollar today. Today, most exchanges in Asia declined.