Asian factory activity expands on global AI demand
Factory activity across Asia expanded in September, aided by global AI demand, according to private surveys released on Thursday. This offers some relief to policymakers concerned about inflation.
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Asian FX heads for monthly losses as rising US yields sap appeal
Most regional currencies are set for monthly losses, with the rupiah down 0.9% in September and the Thai baht and Malaysian ringgit down more than 1.3%. Regional stock markets were mixed, while Thailand shares were on course for their steepest one-day drop since June.
Asian FX heads for monthly losses as rising US yields sap appeal
Most regional currencies were subdued and set for monthly losses as higher U.S. yields and a firm dollar weighed on sentiment. The rupiah recovered after Bank Indonesia said it would intervene in the spot market when needed.