The currencies of Singapore and Thai are at risk

Investors in Singapore Dollar and Thai Baht have to be prepared for losses

Because the country has become zero due to Covid

From the fall of the yuan, the currencies of Singapore and Thai are at risk

Both currencies have highest correlation to Yuan in EM Asia

The worst-performing Asian currency on Monday, continues to decline against the dollar

Both currencies have the highest daily correlation with the offshore Chinese yuan in emerging Asia

Which indicates a further move from the extended weakness in the Chinese currency

The People's Bank of China stepped up Monday to end its string of stronger-than-expected yuan fixing