After a Weak Week, the Dollar Regains Some Ground
The US dollar is firmer against most major and emerging market currencies to pare this week’s decline. There are three notable exceptions, and they are all in Asia. For all practical purposes, the dollar is flat against the Japanese yen near JPY111.30.
The South Korean won is up almost 1% to extend this week’s pace setting the gain to 2.65%. The dollar has fallen 7.2% against the won since it peaked at the end of last month. The Taiwanese dollar is 0.6% higher, which essentially doubles this week’s gains.