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The Indonesian rupiah rose more than 1% on Friday, aided by foreign inflows as trading resumed after a two-day holiday, while most other Asian currencies were subdued over mixed signals from the U.S. Federal Reserve about future rate hikes. ....
KUALA LUMPUR: The ringgit opened higher against the greenback for the third consecutive trading day on expectation that the US Federal Reserve’s Open Market Committee (FOMC) would downshift interest rate hikes from 50 basis points (bps) to 25 bps at its meeting next week, said an analyst. ....
Most Asian currencies firmed on Monday, lifted by prospects of slowing rate hikes and China's policy support for the economy, while Chinese markets weakened after the country reported its first Covid-related deaths since a recent easing in virus curbs. ....