A Strong US Dollar Weakens Asian Currencies _ MoneyCurve

The US dollar's recent surge is pressuring Asian currencies to reach multi-month lows and the euro to weaken, prompting Japan and China to defend their exchange rates.
According to a Bloomberg report, both the yen and yuan are under pressure due to the strong US dollar. The yen fell nearly 8% against the dollar since mid-July, while the yuan is down over 6% since May.