Asian currencies decline as Fed uncertainty persists
after close1 source ↓written by the desknot a recommendation
- of a rate
- 69% chance
- last week
- 44%
Most Asian currencies fell on Monday as investors assessed mixed signals regarding the Federal Reserve's policy direction. The Indian rupee, however, bounced back from record lows, likely supported by central bank intervention. The US Dollar Index remained steady, reflecting a 69% chance of a rate cut in December, up from 44% last week.
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