Malaysia's ringgit and Indonesia's rupiah lead weekly gains among Asia FX

Quick Summary:

Emerging Asian currencies rose on Friday, on track for a sixth consecutive weekly gain, as fading appetite for U.S.assets due to concerns over the country's fiscal health lifted emerging assets including Malaysia's ringgit and Indonesia's rupiah.

Investor caution lingered as markets continued to digest the implications of President Donald Trump’s tax cut bill, which is projected to swell the U.S.debt burden by $3.8 trillion over the next decade.

The Philippines' central bank governor also flagged there was room to cut interest rates by 25 basis points twice more this year.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaSouth KoreaPhilippinesSingaporeTaiwan

Topics: Currencies Rupiah Ringgit Peso Asian Forex Singapore dolla /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 14:29:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28921837

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 4 hours ago

Coverage Areas: Malaysia

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