There are a number of reason Asian currencies have been falling recently, with the most obvious being expectations the Federal Reserve will raise interest rates in the latter part of 2015.
Other factors attributed to weaker Asian currencies include pressure from local businesses, demand for electronics gadgets fell, MERS, funds pulling money from emerging markets, Japanese yen, and a potential Greek default. I'll break down how these are having an effect country-by-country in a moment.
What's important is with the backdrop of rising interest rates in the U.S., Asia has several other factors to look at to get a view of the macro and micro elements causing the drop in currency value.
Combined they represent a trend that is likely to continue, unless the Federal Reserve surprises most and decides to hold off on raising interest rates.
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