Asian Currencies Slide as Fed, China Concerns Deter Risk Taking

Updated on
  • Indonesia's rupiah and South Korea's won lead losses
  • Brazil's credit-rating downgrade adds to risk of EM outflows

Asian currencies fell, led by Indonesia’s rupiah and South Korea’s won, as concern China’s economic slowdown is worsening and the prospect of higher U.S. interest rates deterred risk taking.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.