The Fed is set to cut rates this year. Here are the Asian currencies that stand to benefit
DownvoteThe U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar , some Asian currencies stand to benefit. Higher interest rates boost a country's currency, attracting foreign investment and increasing demand for the country's currency. A weak U.S. dollar is generally positive for emerging markets, which is often…
This story from cnbc.com was posted on 2024-02-19 by @hazelpine.