Asia currencies seen rising against dollar

Aug 27, 2024 12:25 am

ASIAN currencies will likely strengthen against the greenback as the United States Federal Reserve signals a possible rate cut next month, providing a supportive environment for policymakers considering a strategy change in monetary policy.

'With Fed rate cuts now seeming imminent, Asian currencies have finally snapped back into line with the narrowed yield gap since the start of the month,' Capital Economics economist Shivaan Tandon said.

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