Asian FX, stocks muted on revised Fed rate-cut bets, US vote uncertainty

Quick Summary:

The Philippine peso and Indonesian rupiah led declines among Asian currencies on Friday, extending recent losses on bets the U.S.

Federal Reserve will slow rate cuts, while regional stocks were mixed on uncertainty about the U.S.election outcome.

Bank of Thailand Deputy Governor Piti Disyatat told Reuters in an interview that the country's low and well-anchored inflation poses no risk of deflation.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaSouth KoreaSingaporeThailand

Topics: Ringgit /Business/Business News Forex Currencies Rupiah Asian Peso

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 16:12:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23237181

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 34 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 17 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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