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‘Worst Likely Over’ for Emerging Asia Currencies as Fed Hike Bets Ease

  • Baht climbs 0.9%, rupiah gains 0.7% after US inflation slows
  • Asia currencies are set to trim losses in second half: Maybank
Updated on

The worst may be over for emerging Asian currencies as slower-than-expected US inflation eases pressure on the Federal Reserve to aggressively raise interest rates, according to DBS Group Holdings Ltd. and Malayan Banking Bhd.

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar. The Thai baht led gains, rising 0.9%, while the Indonesian rupiah strengthened 0.7%.