ASEAN Currencies Hit Global Peaks Against The US Dollar
Leading ASEAN nations Indonesia and Malaysia are currently enjoying new currency dynamics against the US dollar. As the DXY index hit new lows post-Fed Chair’s Jerome Powell speech last week, Ringgit and Rupiah emerged as scions, eclipsing the US dollar with their stellar statistics. Also Read: Global Gold Net Purchases Breach 480 Tonnes: Why Is AUX Surging? Rupiah and Ringgit Emerge As Best-Performing Currencies Against The US Dollar Malaysian ringgit and Indonesian rupiah have recently risen high on the currency radar. Both currencies experienced their best-performing stats this year, with the Ringgit rising nearly 6.4% against the US dollar. The Indonesian rupiah also performed remarkably well, exuding confidence by showing its best performance since 2020. The ASEAN currencies are currently among the best-performing currencies globally. The bloc is also rising high on the investment radar, with Thailand, Vietnam, Indonesia, and Malaysia emerging as global production and trade hubs. ...