Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot0

• Economy
• February 2, 2023

Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The Chinese yuan rose 0.4% and came close to a seven-month high against