MOST Asian currencies were edging upwards on Thursday, with the Malaysian ringgit gaining the most, after the U.S. Federal Reserve delivered an expected 25 basis points (bps) rate hike, with market participants reading Fed Chair Powell's tone as more "moderate".
The U.S. Federal Reserve has raised rates for the 11th time in the last 12 times that it has met and kept the benchmark overnight interest rate in the 5.25%-5.50% range.
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