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The Fed is set to cut rates this year. Here are the Asian currencies that stand to benefit

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cnbc.com/2024/02/19/asian-currencies-that-will-benefit-the-most-from-the-feds-rate-cuts-.html

The 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.

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