Asia Buying Dollars

PLEASE USE COMMENTS TO EXPAND ON THIS STORY, ESPECIALLY IF YOU ARE TRADING IN CURRENCIES OR IN EXPORT BUSINESS

When your trading partner's currency weakens, it's not all good news. Yes you can buy their goods more cheaply. But they can't buy yours. So Asian central banks bought US dollars yesterday to weaken their own currencies. Nations in South East Asia are struggling with weak demand for their exports from America.

City AM says: Despite the intervention, the greenback hit one-year lows against a raft of regional currencies. The dollar index, which tracks its value against a basket of six main currencies, hit a 14-month low in New York trading.

What's happening on markets where you are and why?

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