Thai, Malaysian and Indonesian currencies gain as dollar weakens

Southeast Asia enjoys growth; political fears sink Turkish lira, Mexican peso

20240913N Baht banknotes

The Thai baht gained 6% against the dollar between Aug. 1 and Sept. 12 thanks partly to a rise in exports. © Reuters

GENKI IKUTA, Nikkei staff writer

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.

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