Asian currencies mostly higher

Reuters

By Ambar Warrick

Oct 16 (Reuters) – Most Asian currencies ticked up against the dollar on Monday, which softened after disappointing U.S. inflation data on Friday undercut the greenback.

The dollar index was little changed, lacking momentum after having posted its first weekly fall last week as underlying inflation remained muted despite a jump in U.S. consumer prices.

 Thailand’s baht edged up against the dollar with the Taiwan dollar the following suit.

“Markets have apparently found a happy medium after all the tax reform and U.S. economic data had markets pricing in a quicker pace of Fed normalisation, underpinning the broader USD,” Stephen Innes, Head of Trading Asia at FX broker OANDA said in a note.

Reuters

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Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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