[ad_1]
The resurgent dollar cut a swath through global currencies Tuesday, weakening many through closely watched levels that forced some officials to step in to stem the losses.
China’s move to weaken its daily reference rate for the yuan added to the selling pressure, with the Indonesian rupiah, Indian rupee and the South Korean won among the hardest hit. But the dollar impact was broader, with a global gauge of emerging-market currencies falling to fresh lows for the year. Asian stocks also extended their losses, with a benchmark of the region’s emerging-market equities sliding roughly 2%.
[ad_2]