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BENGALURU (Dec 30): Asia s emerging currencies were broadly firmer against a soft dollar on Wednesday, with the South Korean won at a near three-week high after the government looked set to buy COVID-19 vaccines for most of its population.
Singapore s dollar, the ringgit and the Indonesia s rupiah gained between 0.2% and 0.3% as the greenback hit an almost two-year low, continuing its steady decline since U.S. President Donald Trump signed a coronavirus aid bill on Sunday.
The won climbed 0.5% after U.S. biotech company Moderna Inc said on Tuesday it was in discussions with Seoul to supply 40 million or more doses of its COVID-19 vaccine. The news came a day after South Korea, which has a population of 52 million, detected its first cases of the new coronavirus variant.
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