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Currencies

Ringgit, baht gain against dollar on speculation of U.S. rate cut

Asian central banks seen weighing own moves as inflationary pressures ease

The dollar is coming down from a prolonged period of strength, boosting Asian currencies. (Photo by Akira Kodaka)

TOKYO -- Asian currencies are strengthening against the dollar across the board as market watchers see a potential rate cut by the U.S. Federal Reserve paving the way for Asian central banks to do the same.

The Malaysian ringgit traded in the lower 4.4 range to the dollar on Monday afternoon, softening slightly from the roughly 16-month high marked Aug. 5.

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