Asian economies are rushing to defend their currencies against a strengthening US dollar that has spiked inflation and pressured consumer sentiment across the region.

Asian economies are rushing to defend their currencies against a strengthening US dollar that has spiked inflation and pressured consumer sentiment across the region.

Asia Intelligence Brief for Thursday: on a single day the Philippines slammed on a jumbo rate hike to fight 6%-plus inflation while China held its rates at record lows to nurse a…