Emerging Currencies Fall in Asia as European Stocks Rise

Emerging-market currencies in Asia fell with stocks outside Japan before the Federal Reserve reports on monetary policy and amid speculation U.S. interest-rate increases will be brought forward. Shares in Europe gained while zinc rose to the highest in 16 months as wheat and corn advanced.

Indonesia’s rupiah dropped 0.8 percent as at 8:32 a.m. in London, while Malaysia’s ringgit sank 0.3 percent and Thailand’s baht declined 0.1 percent. The Stoxx Europe 600 Index added 0.2 percent while Standard & Poor’s 500 Index futures were little changed. A gauge of Asian equities outside Japan lost 0.4 percent as South Korea’s Kospi index slipped 0.6 percent. Zinc advanced 0.7 percent, rising for a fourth day, and wheat and corn added at least 0.3 percent.