TOKYO -- Emerging-economy currencies are sliding against the dollar as stronger-than-expected economic indicators in the U.S. undercut expectations of early rate cuts by the Federal Reserve.
Currencies
Thai baht, Malaysian ringgit sink to three-month lows against dollar
Emerging nation central banks balk at rate cuts to defend currencies
A bank employee counts Thai baht. The strong U.S. economy has squeezed the value of emerging-market currencies. © Reuters
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