Pre-US jobs caution weighs on Asian currencies
Published on Apr 4, 2014 3:58 PM
SINGAPORE (Reuters) - Most emerging Asian currencies eased on Friday in subdued trading to register weekly losses ahead of United States jobs data, while the Philippine peso dipped as a low inflation reading reduced expectations of a rate hike.
The Thai baht weakened on rising political tension as government supporters planned a big rally for Saturday to counter attempts to remove Prime Minister Yingluck Shinawatra from power.
Investors were waiting for the March US nonfarm payrolls later in the day to see if the economy is finally regaining its momentum after an extreme winter.
A Reuters poll showed US employers were expected to add about 200,000 jobs in March, but some investors were already betting on a bigger number because private companies had stepped up their hiring, traders said.
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