Yohay Elam, an analyst at FXStreet, assesses how Asian currencies could perform on a Trump win in the next US Elections. The South Korean won and the Taiwan dollar would be the worst-hit currencies while the Chinese yuan would also weaken. Key quotes “Asian currencies may suffer if Trump is elected – amid prospects of further Chinese moves. The most vulnerable ones would be the South Korean Won and the Taiwan Dollar. Stock markets in both countries could also come under pressure.” “The Chinese yuan may weaken – President Xi Jinping may feel freer to boost the country’s exports, a model that has been working for years. China’s stock market would continue its rise, owing to better prospects for Chinese firms.” “US companies operating in China may come under increased pressure and the ever-elusive dream of operating freely in the country’s huge market may fade further away. Firms less-reliant on the world’s second-largest economy may fare better.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF to confirm a significant range breakout on a close below 0.9376 – Credit Suisse FX Street 3 years Yohay Elam, an analyst at FXStreet, assesses how Asian currencies could perform on a Trump win in the next US Elections. The South Korean won and the Taiwan dollar would be the worst-hit currencies while the Chinese yuan would also weaken. Key quotes “Asian currencies may suffer if Trump is elected – amid prospects of further Chinese moves. The most vulnerable ones would be the South Korean Won and the Taiwan Dollar. Stock markets in both countries could also come under pressure.” “The Chinese yuan may weaken – President Xi Jinping may feel freer to boost the country's exports, a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
