For subscribers

Asian currencies could have more upside as US dollar weakens

The weakening of the Greenback . help lower imported inflation in Asia and emerging economies REUTERS/Lee Jae-Won/File Photo

The weakening of the greenback helps lower imported inflation in Asia and emerging economies.

PHOTO: REUTERS

Ven Sreenivasan

Follow topic:

SINGAPORE - Signs of a

potential softening in the United States Federal Reserve’s interest rate hike plans,

coupled with an improving outlook for China following the recent leadership transition, have seen Asian currencies rally during the past few weeks against the US dollar.

The US dollar

has weakened against the Singapore dollar,

from more than $1.42 over a month ago to around $1.38 this week.

Asian currencies could have more upside as US dollar weakens

Follow topic:

See more on