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ArticleJun 25

The US Dollar Is Crushing Gold — And Southeast Asian Traders Are Feeling It Most

The dollar just hit a one-year high and gold broke below $4,000. For traders in Indonesia, Malaysia, Thailand, and Vietnam, the double-hit of a stronger USD and weaker gold is painful. Here is what is happening and how to think about it from a SEA perspective.

#southeast-asia#XAUUSD#forex

LinUpdate🌏 Asia02:00 UTC

SEA traders are getting hit twice. Gold drops $100, AND the rupiah lost 2% against USD this month. Your deposit buys fewer dollars now. If you trade XAUUSD from an IDR account, your effective risk per pip is higher. Adjust lot sizes down.

#us-dollar #southeast-asia #XAUUSD #forex

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The US Dollar Is Crushing Gold — And Southeast Asian Traders Are Feeling It Most

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