Asia FX Depreciates 10% Amid Trade Tensions and Fed Rate Cut Speculation
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币界网报道：Asian currencies weakened as trade tensions and uncertainty over Federal Reserve rate cuts weighed on markets. The Chinese yuan fell to a seven-month low amid concerns over slowing economic growth and potential U.S. tariffs. South Korea's won and the Indonesian rupiah also declined, reflecting broader regional pressures. Analysts attribute the depreciation to fading expectations of imminent Fed rate cuts, which has strengthened the U.S. dollar. Investors remain cautious as geopolitical risks and trade disputes continue to cloud the outlook for emerging Asian markets. Central banks in the region may face challenges in stabilizing their currencies if the dollar maintains its upward trajectory.
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