Ringgit leads Asia FX losses in 2014, another bumpy year seen

Business
Wednesday, 31 Dec 2014
1:16 PM MYT

SEOUL: Emerging Asian currencies fell in 2014, led by the Malaysian ringgit, and regional units are expected to stay under pressure in the new year due to expectations the US Federal Reserve will hike interest rates and China's economy will stay sluggish.

Regional currencies on Wednesday rose as the yen extended gains with investors taking profits ahead of the year-end.

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