Asian currencies weakened against a resurgent US dollar on Wednesday morning, with Japan’s yen extending a slide past ¥150 amid uncertainty over the pace of future Federal Reserve rate cuts.
The yen shed 0.4 per cent to ¥151.60 and South Korea’s currency dropped 0.4 per cent to Won1,383.1. The Thai baht and Indonesian rupiah also declined against the dollar.
In equity markets, Hong Kong’s benchmark Hang Seng index rose 0.6 per cent, leading gains, while China’s CSI 300 index trailed the region as it edged down 0.2 per cent.
Gold declined 0.4 per cent to $2,742 per troy ounce, slightly down from recent record highs. Brent crude futures, the international oil benchmark, edged down 0.3 per cent to $75.78 per barrel.
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