Emerging-market currencies in Asia fell with stocks outside Japan before the Federal Reserve reports on monetary policy and amid speculation U.S. interest- rate increases will be brought forward. Shares in Europe gained while zinc rose to the highest in 16 months as wheat and corn advanced.
China’s weakest start to a year for investment growth since 2001 and unexpectedly slow industrial production add pressure for economic stimulus, just as Premier Li Keqiang signals he wants to avoid such a move.
Tim Condon, head of research for Asia at ING Groep NV in Singapore, comments on the outlook for South Korea’s won in a research note released today. He forecasts the won will weaken 0.8 percent to 1,080 per dollar in three months.