Ringgit, baht gain against dollar on speculation of U.S. rate cut

Asian central banks seen weighing own moves as inflationary pressures ease

20240812N Asian currencies

The dollar is coming down from a prolonged period of strength, boosting Asian currencies. (Photo by Akira Kodaka)

TAKAHISA TAMURA, Nikkei staff writer

TOKYO -- Asian currencies are strengthening against the dollar across the board as market watchers see a potential rate cut by the U.S. Federal Reserve paving the way for Asian central banks to do the same.

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