Singapore’s dollar and Thailand’s baht slid the most among Asian currencies, while the Mexican peso hit a two-year low as the dollar surged on projections that Republican Donald Trump had won the US presidential election, Reuters reports.

The Singapore dollar was last down 1.3 per cent at a three-month low and set for its worst session since August 2015.

Thailand’s baht slumped as much as 1.9pc to a two-month low, in its biggest one-day drop since February 2023.

The dollar was set for its biggest daily rise since March 2020 against major peers, and US Treasury yields also soared to multi-month peaks.

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