Emerging-Market Currencies Under Threat as Trump Odds Rise

Policies Trump has promised seen inflationary, boosting dollar
Asian currencies slipped after Trump assassination attempt

Donald Trump
Photographer: Chip Somodevilla/Getty Images

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By Karl Lester M Yap and Ronojoy Mazumdar

July 15, 2024 at 4:19 AM EDT

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A potential return of Donald Trump as the next US president may bring bad news for emerging-market currencies, given the threat of his protectionist economic policies.

The South Korean won led the broader declines in Asia after the assassination attempt on Trump over the weekend boosted his odds of winning the presidency. Indonesia’s rupiah and Thailand’s baht snapped eight days of gains, while Malaysia’s ringgit slipped from its highest level in January.