Asian currencies near a seven-month high but things may get volatile
The US dollar continues its downward slide, and in turn, currencies in Asia have surged to near a seven-month high. There are at least two reasons for the dollar's descent.First, the likelihood of US President reaching trade deals with multiple countries he's imposed tariffs on has raised the risk appetite in the market for other currencies considered less safe than the greenback. At the same time, the slump in the US economy has increased the odds of interest rate cuts by the US Fed. Will these trends continue? If yes,...