Currencies in South Korea, Australia and New Zealand crumble as market volatility shoots up

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Major Asia Pacific currencies fell against the U.S. dollar on Monday morning, as investors took a risk-off approach with markets spiking after an oil price war.

The Australian dollar fell as much as 2.60% against the greenback to $0.6476, while the New Zealand dollar tumbled by as much as 2.28% to change hands at $0.6228.

The Korean won declined more than 1% against the dollar, prompting South Korea's finance ministry to issue a verbal warning against "excessive" movements in the currency market, according to a Reuters report.Major Asia Pacific currencies dropped against the U.S. dollar on Monday morning, as investors took a risk-off approach with volatility across markets shooting up over an oil price war.

 

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XRP to the rescue!! XRP XRPCommunity Ripple

Strange that the US dollar is doing well against these other currencies.

Good luck out there. America is crashing too.

TimeOfCalamity

That is available for us because this is money buget go ahead

Bitcoin fixes this

Even here in South Africa, Trump politics, Coronavirus,the reports that North Korea has fired an unidentified projectile, crushing of oil prices. With South Africa’s economy still in a state of recovering this are really bad news indeed

The Mexican Peso is also imploding.

Sounds like a world wide financial meltdown here...so are more people going to die of starvation in the next year or of the virus? Or is somebody going to start another war to distract their people...

Got XRP as safety hedge liquid gold ... they coined !!!

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