Asian currencies sink against dollar on China's economic woes

TOKYO -- Currencies across the Asia-Pacific region have slipped to their weakest levels against the dollar in months, as the slowdown in China casts a shadow over countries holding strong economic and trade ties with Beijing.

The Philippine peso, Indonesian rupiah and Malaysian ringgit were among those that reached a three-month low against the dollar on Wednesday. The Thai baht and Australian dollar are trading around their weakest in one to two months.