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Emerging markets - Indonesia rupiah lead losses as Asia Forex slip as risk-off sentiment prevails - Vimarsana News

Emerging markets - Indonesia rupiah lead losses as Asia Forex slip as risk-off sentiment prevails

Emerging Asian currencies weakened and stocks dropped on Thursday, pressured by a firm US dollar and elevated bond yields as risk-off sentiment prevailed among investors due to fears interest rates would stay higher for longer.

Emerging markets: Indonesian rupiah lead losses as regional equities comes under pressure ahead of US inflation - Vimarsana News

Emerging markets: Indonesian rupiah lead losses as regional equities comes under pressure ahead of US inflation

The South Korean won and Indonesian rupiah were the top losers among mostly muted Asian currencies on Friday, as the dollar firmed ahead of US inflation data which could settle the course of interest rates.