Asian currencies set for weekly fall; stocks firm on US rate cut bets


MOST Asian currencies were heading for weekly declines on Friday, although largely unchanged on the day, while stocks rose on optimism about U.S. rate cuts stirred by fresh signs of a cooling labour market.

Regional forex markets lost the ground they gained last week when the dollar weakened from the U.S. Federal Reserve's dovish shift following softer-than-expected jobs data for April.

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Asian , currencies , ringgit , Bank Negara

   

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