Asian FX hit multi-month lows as hopes fade for March US rate cut


MOST Asian currencies hit multi-month lows on Wednesday, after the U.S. dollar received a boost from bets that the Federal Reserve would not slash interest rates earlier than expected due to resilient economic data from the world's largest economy.

The Taiwan dollar marked its worst month since September 2022, while the Malaysian ringgit was set for its worst month since May 2023.

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Asian , currencies , Federal Reserve

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