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Asian currencies have weakened against a strengthening US dollar on Wednesday morning, with the Japanese yen continuing to drop below ¥150 amidst uncertainty surrounding the Federal Reserve’s future rate cut plans.
The yen has fallen by 0.4 per cent to ¥151.60, while South Korea’s currency has also decreased by 0.4 per cent to Won1,383.1. The Thai baht and Indonesian rupiah have also experienced declines against the dollar.
Turning to the stock markets, Hong Kong’s main index, the Hang Seng, has risen by 0.6 per cent, leading the gains. Meanwhile, China’s CSI 300 index has lagged behind the region, dipping by 0.2 per cent.
Gold prices have dropped by 0.4 per cent to $2,742 per troy ounce, slightly lower than its recent record highs. Additionally, Brent crude futures, the international oil benchmark, have decreased by 0.3 per cent to $75.78 per barrel.
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