But the unemployment rate hasn't budged. Here's what's really going on. The numbers are stark. January saw 10,700 layoffs, the highest monthly figure in three years. February eased to 7,500, March fell further to 5,900 — but April bounced back to 7,057, a 21% increase from March. The

The winners are led by Taiwan's dollar (+5.1%) and the Thai baht (+5.0%). Taiwan's surge is driven by booming semiconductor exports, equity market inflows, and a wave of hedging activity as Taiwanese investors pulled back from USD assets. The baht's story is different — it's riding