Dollar Bulldozes Its Way Through Asian FX With Help From Yuan Greenback got a boost Tuesday as China loosened grip on yuan MSCI EM currency index falls to lowest level this year The resurgent dollar cut a swath through global emerging-market currencies Tuesday, weakening many through closely watched levels that forced some officials to step in to stem the losses. China’s move to weaken its daily reference rate for the yuan added to the selling pressure, with the Indonesian rupiah, Indian rupee and the South Korean won among the hardest hit. But the dollar impact was broader, with a global gauge of emerging-market currencies falling to fresh lows for the year. Stocks also extended their losses, with a benchmark of emerging-market equities erasing their gains for the year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Morgan Stanley Warns: Digital Currencies May Challenge US Dollar's Reign READ MORE Copper Prices Dip Amidst Dollar Strength and China's Real Estate Slump READ MORE The Looming Disaster in Commercial Real Estate Explained READ MORE ZeroHedge: Inflation Already Ruined Your Super Bowl Party READ MORE Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment