The Renminbi Continues To Fall, And Emerging Currencies Cry.

The renminbi fell to a four and a half low on Friday, the longest weekly decline in 10 years, dragging down other Asian economies.

The market is worried about the slowdown in China's economy and the Federal Reserve will raise interest rates next week.

The US dollar / Thai baht closed up 0.17%, at 36.04, 35.98 at the end of the last trading day, and 0.06% at the dollar / Philippines peso, 47.22 at the end of last trading day, 47.19 at the end of the last trading day, 0.13% at 13948, and 13930 at the end of the previous trading session; the US dollar / Malaysia ringgit closed up 0.44%, 4.2815, and the last trading day ended at 4.2625.

It fell 0.3% to 6.4550, the weakest level since July 2011.

This week the renminbi has fallen by 0.8% against the US dollar, which will be the biggest weekly depreciation since the August 11th reform.

The yuan has been down for six consecutive weeks, according to Thomson Reuters data back in December 2005, the longest weekly decline.

As China's economic momentum continues to weaken, the market for China

The bearish sentiment has reached its highest level in more than five years, and the outlook for most emerging Asian currencies has also deteriorated because the United States is expected to raise interest rates next week.

The Korean won ranked first in the emerging Asian currencies weekly decline with a decrease of 1.9%.

South Korea's exchange data show that foreign investors continue to sell ultra Korean shares, which in the past eight consecutive trading days sold over 2 trillion and 100 billion won ($1 billion 800 million).

Ringgit fell 1.3% this week, as concerns over the decline in oil and gas revenues in the country were exacerbated by the collapse of global oil prices.

The rupiah line fell 0.8%, as demand for us dollars rose at the end of the year.

Poyuan has fallen 0.5% this week, following the downward trend of the renminbi.

The baht has also fallen by 0.5%.

The continued decline of the renminbi has prompted traders to speculate on the extent to which the Chinese authorities are prepared to allow the renminbi to depreciate.

The central parity of RMB today continued to refresh its lowest level for more than four years, even five days ago.

"The RMB will continue to decline for the time being, and it will drop another 4-5% next year, which will put pressure on the Asian currency," said Seungji Jeon, a foreign exchange analyst at Seoul Samsung futures.

"The decline of other Asian currencies may be less than that of the renminbi, as they have digested more depreciation factors, such as a stronger US dollar."