Southeast Asian Currencies Slide Against Surging Dollar, Raising Economic Concerns

Southeast Asian currencies like the Malaysian ringgit and Thai baht are trading near yearly lows against the surging US dollar.

The weaker currencies are increasing import costs for governments and businesses in Southeast Asia.

Regional exporters are unable to capitalize on the currency depreciation due to uncertainties in major export markets like China.

The Malaysian and Thai economies are suffering as their currencies continue to slide against the dollar.

The currency depreciation is concerning leaders in Southeast Asia because of the potential economic impacts.