Emerging Markets - Asian currencies struggle for direction, shares fall; US CPI eyed

JAKARTA (Reuters): Asian currencies struggled for direction on Monday while equities fell, with investors looking for clues on the outlook for inflation, while a mixed US jobs report pointed towards the possibility of a Federal Reserve rate cut in the coming months.

Monthly payrolls data from the world's largest economy late on Friday revealed an acceleration in jobs growth in February but also showed that unemployment reached a two-year high, boosting chances for a rate cut in June.