TOKYO -- As the dollar softens on expectations of a U.S. interest rate cut, investors are moving money into emerging-market currencies, picking those most likely to benefit from a weak greenback while steering clear of political risk.
Asian currencies have performed particularly well against the dollar since the turmoil seen in global financial markets early last month. The Thai baht strengthened 6% between Aug. 1 and Sept. 12, while the Malaysian ringgit and the Indonesian rupiah each gained 5%.
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