Asian FX steady against weaker dollar as investor caution persists

ASIAN currencies steadied against an easing dollar on Thursday as markets continued to be cautious in the absence of fresh triggers, ahead of an expected 25 basis point hike in interest rates by the U.S. Federal Reserve next month.

The Philippine peso and Malaysia's ringgit notched gains. South Korea's won had depreciated 0.2% to hit a five-month low, but reclaimed those losses to trade flat.