Asian stocks, currencies slip as investors scale back rate cut views
Asian equities and currencies fell on Friday on expectations of a gradual easing of interest rates after the U.S. Federal Reserve’s rate outlook triggered a rally in the previous session, with currencies on track to end the week lower. A sharp drop in China’s yuan and stocks also soured investor mood in the region. The Philippine peso PHP= depreciated 0.1% against the dollar on Friday. It has slipped about 1.1% so far this week and was headed forits biggest weekly loss since Aug. 11, 2023. Among equities, Manila stocks .PSI ...
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