Asian currencies fell, led by Indonesia’s rupiah and South Korea’s won, as concern China’s economic slowdown is worsening and the prospect of higher U.S. interest rates deterred risk taking.
Malaysia’s ringgit and the rupiah both dropped to their lowest levels since 1998 as stocks slumped worldwide ahead of the Fed’s Sept. 16-17 meeting. Thailand’s baht declined to its lowest level since March 2009.
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Challenges in global economy
China economic slowdown
Currencies strategist
Depreciation in dollars to boost exports
Devaluation of the Chinese Yuan
Fall in Asian currencies
Foreign interest rates
Increase in US interest rates
Management of currencies
Overseas funds
Reviving global economic growth
Stability in currencies
Stability in financial markets
Uncertainties in long term interest rate movement
Uncertainty in markets
Use other mechanism to boost economies
Volatility in markets
Weakening currencies around the emerging markets
World Economic Forum