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Asian currencies fall as rising U.S. bond yields support the dollar

Reuters 

By Nikhil Nainan(Reuters) - Asian currencies weakened on Tuesday with the South Korean won and Indonesian rupiah falling the most, as easing trade tensions helped shore up the dollar and push up U.S. bond yields. The dollar index against a basket of six major currencies edged up 0.2 percent to 92.792 at 0502 GMT. The U.S. 10-year bond yield had inched higher on Monday, as optimism over President Donald Trump's pledge to aid China's ZTE Corp helped assuage U.S.-China trade frictions. "It appears that momentum for earnest trade negotiations has been unlocked and we think this could be a ...

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First Published: Tue, May 15 2018. 11:16 IST
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