MANILA (Reuters): Most Asian currencies started the week on a positive note, with the South Korean won and the Taiwan dollar leading gains, while investors in regional stock markets maintained a cautious stance for more cues on global rates outlook.
Public holidays in the United States and the UK led to lacklustre trading across global markets on Monday. Data on US personal consumption expenditures on Friday will be critical for investors, which will give them an idea of whether the Federal Reserve will be able to lower borrowing costs.
