Tepid exports recovery add to Vietnam and Thailand’s currency woes

Poor exports numbers saw the Vietnamese dong hit a historic low earlier this month, while the Thai baht is trading at a six-month low. - Bloomberg

HANOI (Bloomberg): An unexpectedly weak exports performance in Asia’s emerging economies risks adding pressure to their currencies already hammered by a strong dollar and the Federal Reserve’s hawkish pivot.

Data Monday showed Thailand’s outbound shipments contracted 11% in March, falling below all forecasts in a Bloomberg survey, owing in part to a higher base of comparison a year ago.