Asian currencies find support after volatile week, ringgit steady

Quick Summary:

Asian currencies found some support on Friday after a volatile week, with the Singapore dollar and Thai baht creeping higher, while Malaysia's ringgit held its ground despite a slowdown in growth in the third quarter.

Higher-for-longer Fed rates would exert pressure on the local currencies and bonds as the greenback would get some boost.

Stocks in the region were a mixed bag, as the Indonesian benchmark lost 1.3% to hit its lowest since early August.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaSingaporeSri Lanka

Topics: Ringgit Currencies GDP Forex Asian /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 16:00:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23600267

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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