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Multiple high-ranking government officials have raised serious concerns about the economic hardships to be faced in 2023, noting the necessity to mitigate such risks. ....
The South Korean won and the Indonesian rupiah were among the top losers in Asian markets on Monday as safe-haven dollar firmed on uncertainty amid protests in China against Covid-19 curbs and its impact on the world's second-largest economy. ....
Indonesia's rupiah gained for a second straight session on Tuesday, while the Philippine peso also firmed, as upbeat data from the countries raised expectations of further interest rate hikes by their central banks. ....
ASIAN currencies strengthened against a subdued dollar and equities advanced on Tuesday as risk appetite got a boost from an upbeat start of corporate earning season in the United States and a reversal in the United Kingdom's financial policy. ....
With the Indonesian rupiah hit by recession concerns and the Malaysian ringgit slumped to a new 24-year low after the parliament was dissolved for snap elections - most Asian currencies weakened on Tuesday. ....