Asian Currencies Have Biggest Weekly Gain Since March on Inflows
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Asian currencies had their biggest weekly gain in more than four months as an uneven recovery in the U.S. increased bets the Federal Reserve will delay raising interest rates, boosting demand for riskier assets.
Global investors pumped $1.3 billion into six Asian emerging stock markets tracked by Bloomberg this week. U.S. retail sales were little changed in July, the worst performance in six months, while jobless claims came in at 311,000 last week, higher than the 295,000 median forecast in a Bloomberg survey. In Russia, President Vladimir Putin said Aug. 14 that his nation will do all it can to end the Ukraine conflict.