Asian currencies posted their first monthly loss since August, led by Indonesia’s rupiah and the Thai baht, as concern about current-account deficits and political unrest in the region fueled fund outflows.
The dollar strengthened against most Asian currencies, while stocks in Australia and South Korea dropped after the Federal Reserve indicated economic stimulus may be cut in coming months. Japanese shares jumped as gold and silver rebounded while crude oil declined.
Gold and silver sank with oil, while the dollar weakened against most peers and Treasuries rose as investors dissected speeches from Federal Reserve officials to gauge the outlook for stimulus. Most U.S. stocks fell after the Dow Jones Industrial Average exceeded 16,000 for the first time.