Citing recent signs of weakness in the US dollar and other concerning trends in the American economy, global investment firm Jefferies advises investors to prefer Asian currencies over US dollar.
US dollar will remain soft this year which is likely to benefit Emerging Market (EM) assets according to a research report by American investment banking firm JP Morgan.
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian rupee slumped to a new record low of 77.59 against the US dollar on Thursday, tracking losses in other Asian currencies.