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Won hits 5 1/2-year low as dollar's rise dents Asian currencies

Tuesday, March 1, 2016 - 05:50

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The South Korean won hit a 5 1/2-year low and other Asian currencies mostly eased against the dollar on Monday, after upbeat US economic data helped revive expectations for the Federal Reserve to raise interest rates later this year.

Singapore

The South Korean won hit a 5 1/2-year low and other Asian currencies mostly eased against the dollar on Monday, after upbeat US economic data helped revive expectations for the Federal Reserve to raise interest rates later this year.

Analysts said a weekend meeting of G-

sentifi.com

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