The haven-linked US Dollar received a break from its persistent losses to start off 2021, gaining ground against ASEAN currencies such as the Singapore Dollar, Malaysian Ringgit and Thai Baht. This is despite broad strength in developing nation equities, with the MSCI Emerging Markets Index (EEM) rallying 5.9%. That was the best performance over the course of a week in 2 months. A couple of notable standouts were the New Taiwan Dollar and Indonesian Rupiah. The former gained as Taiwan’s benchmark stock index rallied almost 5% over the course of 5 days. The semiconductor-heavy index capitalized on gains in tech … (full story)
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