Asian currencies rise as US$ loses lustre

Bengaluru

ASIAN currencies rose on Monday as falls in the US stock market and Treasury yields kept the US dollar range-bound, and made regional currencies relatively more attractive bets.

Downside to the US dollar and government bond yields came from President Donald Trump's verbal intervention on Thursday, when he told The Wall Street Journal that the US dollar was "getting too strong" and that he would prefer the Federal Reserve to keep interest rates low.