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Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week low
The Times of India·October 15, 2026·1 min read
AI Summary
Emerging Asian currencies weakened against the dollar following hotter-than-expected US inflation data that revived concerns about potential Federal Reserve rate hikes. South Korea's won fell to a two-week low alongside declines in the Taiwan dollar, Philippine peso, and Indonesian rupiah, while AI-linked stocks also experienced a sell-off.
From the source
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came…
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