From Asia Sentinel:
The dollar fell 2% against the yen last week and is at a 19-month low against the euro and appears set to go lower. Several Asian currencies, even including the Philippine peso, are at their best levels since the Asian financial crisis of 1997-1998.
Is this a blip? Or the start of a massive decline of the dollar against Asian currencies generally – to match or even exceed the dollar’s fall against the euro from a peak of 85 to the dollar to 1.31 today?