Asian Currencies Weaken as U.S. CPI Data Lifts Dollar
Asian currencies are broadly weaker against the dollar after hotter-than-expected U.S. CPI and Fed officials' comments revived rate-hike expectations, lifting the dollar and Treasury yields.
Asian currencies are broadly weaker against the dollar. The hotter-than-expected U.S. CPI and Fed officials' comments rekindled rate-hike expectations, lifting the greenback and Treasury yields. Fed hawkishness reinforces OCBC strategists' view that it is too early to position for sustained dollar…