♦️ Emerging market currencies in Asia fell on Tuesday, while stock markets showed mixed performance due to renewed trade tensions between China and the United States, which weakened risk appetite in the markets. The Morgan Stanley Emerging Markets Currency Index fell by 0.1 percent.
♦️ The Indonesian rupiah recorded a decline of 0.3 percent, while both the Singapore dollar and the Thai baht fell by about 0.2 to 0.4 percent.
♦️ The dollar index, which measures the performance of the US currency against six major currencies, rose by 0.2 percent after hitting a six-week low earlier in the session.
♦️ US President Donald Trump and his Chinese counterpart Xi Jinping are expected to hold talks this week after Trump accused China of violating an agreement to lower tariffs and trade restrictions, with China describing these accusations as "baseless."
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