SINGAPORE: Most emerging Asian currencies eased on Monday as the dollar held strong after upbeat US economic data and on caution over tensions in Ukraine, while trading in the region was subdued with some markets still closed for the Easter holiday.
The Malaysian ringgit slid on its weakness in non-deliverable forwards. The Indonesian rupiah edged weaker on dollar-demand from local importers for month-end payments.
South Korea's won eased as investors covered short positions in the dollar with daily spot dollar/won trading volume at lowest so far this year.
The dollar stayed firm against a basket of six major currencies after US data showing new claims for benefits stayed around their pre-recession levels last week and manufacturing in the Mid-Atlantic region accelerated in April.
Asian shares edged lower amid sustained tensions in Ukraine. At least three people were killed in a gunfight in the early hours of Sunday near a Ukrainian city controlled by pro-Russian separatists.
Comments
Comments are closed for this article.