Asian Currencies Hit Multi-Month Lows Against US Dollar; Stocks Mixed
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#f3745d94 ver:0.09
Currencies across Asia remained rangebound as traders awaited fresh cues on the interest rate outlook. The Indonesian rupiah, South Korean won, Malaysian ringgit, and Thai baht all remained within a narrow range. The Taiwan dollar edged down about 0.2%. The Indonesian stock market, however, hit another record high, with the Jakarta index advancing as much as 0.7%. Foreign investors have purchased $1.1 billion Indonesian equities in the first two months of the year. Market participants are also closely watching U.S. economic data, including retail sales, ahead of the Federal Reserve's policy meeting next week. The dollar index was at 102.88 at 0655 GMT. The CME's FedWatch Tool indicates a 65% chance of a rate cut in June, down from 71% earlier in the week. The central bank governor of Taiwa...
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