Most emerging Asian currencies slid on Thursday as investors took profits from their monthly gains after the Federal Reserve's steady stance disappointed some expectations of more dovish comments. The Indonesian rupiah led the daily depreciation. Malaysia's ringgit also slid as investors cut bullish bets on the best performing emerging Asian currency in October.
The South Korean won turned lower as the authorities were suspected of intervening even after a US Treasury report urged Asia's fourth-largest economy to refrain from targeting exchange rates.
The won came under further pressure from dollar demand from importers and custodian banks, while foreign investors were set to snap a record net buying streak at 44 sessions in Seoul's main stock market.
In October, emerging Asian currencies were poised to see monthly gains.
The ringgit has risen 3.2 percent against the dollar, which would be the largest monthly gain since January 2012, according to Thomson Reuters data. Investors welcomed the government's plans to tackle a fiscal deficit including a new consumption tax.
The rupiah has advanced 2.7 percent on capital inflows. If the Indonesian currency the appreciation, it would be the biggest monthly rise since September 2009.
The Indian rupee has gained 2.0 percent, while both the Singapore dollar has been up 1.4 percent. The won rose 1.3 percent, while the Philippine peso gained 0.8 percent.
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