The fall of the dollar causes investors to consider Asian currencies

Asian currencies, driven by the weakness of the dollar, are reaching rarely seen levels and provoking interventions by central banks to curb their excessive appreciations. Hong Kong's Monetary Authority sold a record amount of dollars to avoid their strengthening and protect the 42-year fixed exchange rate with the US dollar. Taiwan's central bank also intervened after its currency skyrocketed at its highest level since 1988. The Yuan Offshore r…