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Asian currencies could have more upside as US dollar weakens
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The weakening of the greenback helps lower imported inflation in Asia and emerging economies.
PHOTO: REUTERS
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.
