The Thai baht slipped for a second session on Friday to its lowest in two weeks, leading declines along with the Philippine peso as pressures from an increasingly hawkish United States Federal Reserve weighed on risk-sensitive Asian markets.
The Indonesian rupiah snapped a four-day losing streak to appreciate 0.2%. It lost 1% since the start of the new year, dampened by chances of faster US rate hikes, a firm dollar and the government’s decision to ban coal exports in January, and was set to end the week 0.7% weaker.
The Indonesian 10-year benchmark yield scaled a near three-week high of 6.445% after slumping to an over one-month low earlier in the week, as US Treasury yields rose on the possibility of early…
