Most currencies rise in Asia via trade talks


China and the United States decided to resume trade negotiations this week. The negotiations were suspended three months ago due to disputes.

Asian stock markets were also rising today, while the bonds were mixed.

Stephen Innes, Vanguard Markets Partner in Singapore, said the news of compromise between the US and China would be seen as a positive signal.

The Bloomberg Dollar Spot Index rose 0.1% to 1,204.92 points, while the MSCI AC Asia Pacific Index rose 0.3% to 159.76 points.

The Chinese yuan rose against the dollar, while the Gueny Korean won rose on day 2 with the sale of foreign currency by local exporters.

The Indonesian rupee also declined on the 3rd day as foreign funds reduced emerging market assets. Thai baht stayed close to the peak of a week. Philippine pesos has reached its highest level since January.

In Taiwan, the Taiex index recorded the biggest drop since July 17th.


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