Thai and Singapore currencies most at risk from yuan’s slump

BANGKOK, Nov 7 (Bloomberg): Investors in the Singapore dollar and Thai baht will have to brace for losses if the Chinese yuan, the worst-performing Asian currency on Monday, continues its fall against the dollar as the country sticks to Covid zero approach.

Both currencies have the highest 3-month daily correlation with the offshore Chinese yuan in emerging Asia, signaling a further drag from extended weakness in the Chinese currency.