Thursday 10 September 2015

Growth fears hit Asia FX; rupiah, ringgit plumb 17-year lows

Most emerging Asian currencies slid on Thursday as mounting fears of a global economic slump dampened risk appetite, while expectations of an imminent U.S. interest rate hike dim the appeal of the region's higher yields.

China's manufacturers reduced prices at the fastest rate in six years in August, deepening deflation risks.

Japan's key gauge of capital spending unexpectedly fell for a second straight month in July, adding to pressure on the Bank of Japan to provide fresh stimulus.

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