Most Asian currencies were on course to end the second year of the Covid-19 pandemic on a negative note, with the Thai baht eyeing its worst year in two decades as the tourism-reliant economy remained under pressure from travel curbs.
- Most equities gain in 2021; Malaysian shares decline
- Thai baht set for worst year since 2000
- South Korean won declines about 9%, worst year since 2008
- Indian rupee on track for fourth year of losses
The baht was the region’s worst-performing currency this year, losing 11.4%.
The Taiwan dollar and China’s yuan, the only two currencies in positive territory, were chasing an over 2% annual gain. The yuan, set for a second year of gains, was poised…
