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Asian currencies drift as investors shy away from risk


Most Asian currencies drifted on Thursday, with investors shying away from risk ahead of key central bank meetings next week and due to political uncertainty in the Middle East. Market players expect the mood to be cautious in the run up to next Thursday, when both the U.S. Federal Reserve and the European Central Bank are expected to hold policy meetings. A Reuters poll showed a rate rise was almost certain at the Fed?s Dec. 14 meeting, with three or more rate hikes expected next year. Expectations for a more vigorous rate cycle in 2018 got wind from progress in President Donald Trump?s tax cut plans.
Source: Latest News

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