Asian FX subdued after mixed US data; equities set for weekly gains

Asian FX subdued after mixed US data; equities set for weekly gains

The Star Online - Business·2024-04-26 19:01

MOST Asian currencies were subdued on Friday as mixed U.S. data solidified bets of fewer rate cuts, while regional stocks were on track to end the week higher due to gains in South Korea and Taiwan from global tech earnings.

Emerging market currencies have recovered slightly this week after suffering steep losses earlier in the month when investors walked away from riskier assets due to uncertainties from heightened tensions in the Middle East.

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