China Stacks Up With Fed on Asian Currencies as Won Leads Losses

China’s slowing economy, falling commodity prices and a looming U.S. interest-rate increase all stacked up on Asian currencies this week, with South Korea’s won and the Malaysian ringgit leading the losses. Chinese data issued during the week reaffirmed that six rate cuts in the past 12 months are failing to revive growth in South Korea’s biggest trading partner. As the...