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Everyone's a Loser: All Asia Currencies Seen Down for Third Year

  • China's slowdown hurts region's export-dependent economies
  • Rate cuts in Asia to spur outflows as Fed tightens gradually
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Asia Outlook: Currency Weakness Expected in 2016

Updated on

All 10 major Asian currencies are forecast by strategists to fall against the dollar for a third year. They blame China.

Indonesia’s rupiah, South Korea’s won and the Singapore dollar are projected to decline the most in 2016, with India’s rupee seen depreciating the least. While the U.S. Federal Reserve on Wednesday indicated four interest-rate increases next year, Taiwan cut on Thursday and economists are forecasting reductions in China, South Korea, Thailand, India and Indonesia to spur growth.