Most Asian currencies, equities decline on US interest rate concerns

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Most Asian currencies, equities decline on US interest rate concerns
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SINGAPORE: A man has been sent to jail after he continued reoffending despite being ordered to undergo probation and reformative training in 2019 over crimes, including sex-related ones involving minors.

MOST Asian currencies and equities fell on Friday after surprisingly strong U.S. economic data made investors wary of interest rates staying higher for longer, hurting sentiment towards riskier Asian assets.

Earlier this week, minutes from the Federal Reserve's latest meeting indicated willingness from some officials to consider a rate hike to rein in inflation. "The USD rate environment is undisputedly a key driver for sentiment in Asian markets," said Frances Cheung, a rates strategist at OCBC.

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