Asian Currencies: Baht, Ringgit Lead Declines on Oil, Dollar

Thailand's baht led declines among Asian currencies as record crude oil prices raised costs for importers, increasing demand for dollars.

Eight of the 10 most-traded currencies in Asia excluding the yen fell against the dollar. The U.S. currency strengthened versus the euro, rebounding almost 4% from its April 22 record low, on signs the Federal Reserve will end its cycle of interest-rate reductions. The Malaysian ringgit slipped before a report tomorrow that may show industrial production slowed...

Full story: Vietnam Business Finance: Asian Currencies: Baht, Ringgit Lead Declines on Oil, Dollar