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Asian currencies set for worst quarter in 17 years on Fed, China factors

Slide comes amid lower external debt burdens, higher foreign reserves than during Asian crisis, among others

"It's hard to see how any Asian currency will post sustained, substantial gains in the fourth quarter, with losses versus the US dollar likely to be the norm." - Sean Callow, senior currency strategist at Westpac Banking Corp in Sydney


ASIAN currencies are headed for their biggest quarterly loss since the Asian financial crisis, having been battered by China's surprise devaluation of the yuan and the prospect of a US interest-rate increase.

The Bloomberg-JPMorgan Asia Dollar Index, which tracks the...

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