Rupiah and ringgit weaken as Asian currencies trade mixed
The ringgit recorded the largest decline among 10 tracked currencies, while the baht and dong gained against the US dollar.
Indonesia’s rupiah fell 0.05 per cent to Rp18,235 per US dollar on 13 November, while Malaysia’s ringgit dropped 0.15 per cent to RM4.082. Refinitiv figures reported by CNBC Indonesia at 09:15 WIB showed an even split among 10 Asian currencies, with five rising and five falling against the dollar.
The ringgit posted the steepest loss in the group. The Philippine peso declined 0.11 per cent to ₱63.387 per US dollar, while the Singapore dollar slipped 0.01 per cent to S$1.2864. Japan’s yen also edged down 0.01 per cent.
Thailand’s baht advanced 0.18 per cent to ฿33.85 per US dollar, and Vietnam’s dong gained 0.08 per cent to ₫25,653. Taiwan’s dollar led the gains with a 0.25 per cent rise, followed by South Korea’s won, which increased 0.18 per cent. China’s yuan added 0.03 per cent.
The US dollar index eased 0.03 per cent to 103.230 at the same observation time, but remained near a 19-month high. It had risen 0.29 per cent on 12 November as US Treasury yields climbed. According to CME FedWatch, the probability of a 50-basis-point Federal Reserve rate increase in December had reached 14.5 per cent, compared with 0 per cent the preceding week.
