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Global Market: Emerging Asian currencies rise as softer dollar, rate-hike bets support sentiment

Asian currencies strengthened modestly as a weaker US dollar and fading expectations of a September Federal Reserve rate hike supported emerging markets. However, rising oil prices amid Middle East tensions capped gains. Indonesia remained in focus ahead of Bank Indonesia’s policy decision, while Asian equities weakened amid broader risk aversion and energy concerns.

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Economic TimesLean R·6h ago
Global Market: Emerging Asian currencies rise as softer dollar, rate-hike bets support sentiment
Asian currencies strengthened modestly as a weaker US dollar and fading expectations of a September Federal Reserve rate hike supported emerging markets. However, rising oil prices amid Middle East tensions capped gains. Indonesia remained in focus ahead of Bank Indonesia’s policy decision, while Asian equities weakened amid broader risk aversion and energy concerns.
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Global Market: Emerging Asian currencies rise as softer dollar, rate-hike bets support sentiment

How 1 sources are covering this