Mar 18 2019

Most Asian Currencies Rise as U.S. Data Weighs on Dollar

Most emerging Asian Currencies yielded on Monday against the US dollar, which declined as weak U.S. economic data provoked speculation the Federal Reserve would pound a dovish tone at its policymaking this week.

Figures released on Friday showed U.S. manufacturing yield fell 0.4 percent in February, declining for a second straight month, while factory activity in New York state bumped off to a nearly two-year low this month.