Emerging markets: Vietnam's dong weakens on devaluation as Asian FX subdued on recession fears


HANOI, Oct 17 (Reuters): Most emerging Asian currencies fell on Monday, after last week's red-hot US inflation print reinforced fears of a global recession on assumptions of a persistent aggressive stance by the Federal Reserve.

South Korea's won, Indonesian rupiah, and Malaysia's ringgit were among the top losers, weakening between 0.3% and 0.5%, while Singapore's dollar, India's rupee and Thailand's baht were slightly weaker.

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Vietnam , central Bank , devalue , Dong , Sharp Fall

   

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