Baht hits 3-year low, Asian currencies retreat
SINGAPORE (Reuters) - The Thai baht set a three-year low and the Indonesian rupiah hit a five-year trough on Friday, as the US dollar stayed buoyant in the wake of the Federal Reserve's decision to start scaling back its bond-buying stimulus.
The baht, which has also been pressured recently by political tensions in Thailand, fell to 32.58 against the dollar , its weakest level since mid-2010, according to Thomson Reuters data.
The Indonesian rupiah fell to 12,250 per dollar, the rupiah's lowest level since December 2008.
Asian currencies slipped broadly, with the Singapore dollar, Malaysian ringgit, and Philippine peso hitting three-month lows. The Taiwan dollar touched its lowest level since late August at one point, but later edged higher.