Asian currency revaluation becomes a new market theme, or may be affected by US tariff policies

Odaily Planet Daily News: As investors contemplate the currency revaluation related to the threat of US tariffs, some Asian currencies have surged since last Friday. The rapid change in the situation caught traders off guard and triggered exaggerated movements. The depreciation theme earlier this year has shifted towards the possibility of emerging market currencies being guided towards appreciation in order to meet US trade requirements. Since last Thursday, the exchange rate of the New Taiwan Dollar against the US Dollar has risen by 8.5%. The sudden shift in market sentiment is based on the view that Asian countries may be willing to stimulate currency appreciation, weaken export competitiveness, and make American imports more attractive in exchange for the United States reducing its harsh trade tariffs. Buffett's warning over the weekend may also have put pressure on the US dollar. (Reuters Market Analyst)