Asian FX loses ground on dollar strength; key cenbank decisions awaited

Quick Summary:

ASIAN currencies faltered on Tuesday, with the Thai baht and Philippine peso leading the decline, as the U.S.dollar held firm near a two-month peak and investors grew cautious ahead of a slew of key monetary policy decisions due later this week.

"The central bank cut rates by 25 bps back in August, front-running the Fed.

Among Asian stock markets, Bangkok and Kuala Lumpur traded flat, while Seoul inched up 0.3% and Manila added 1.9%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaPhilippinesThailand

Topics: Currencies Bank Indonesia Asian /Business/Business News Ringgit US dollar Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 14:50:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23068765

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 20 minutes ago

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