Thailand's baht led declines among Asian currencies as record crude oil prices raised costs for importers, increasing demand for dollars.

Eight of the 10 most-traded currencies in Asia excluding the yen fell against the dollar. The U.S. currency strengthened versus the euro, rebounding almost 4% from its April 22 record low, on signs the Federal Reserve will end its cycle of interest-rate reductions. The Malaysian ringgit slipped before a report tomorrow that may show industrial production slowed...

Full story: Vietnam Business Finance: Asian Currencies: Baht, Ringgit Lead Declines on Oil, Dollar