Asian currencies are rallying in the aftermath of U.S. Federal Reserve chair Janet Yellen’s dovish comments on Tuesday, sending the greenback down amid a raft of positive data.
The jumps are large: The Australian and New Zealand dollar, which are both commodity-linked currencies, were near their nine-month peaks on Thursday.
The Malaysian ringgit also climbed to a new seven-month high against the U.S. dollar on Thursday; the country is an exporter of oil and natural gas.
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