• Most emerging Asian currencies drifted lower after the latest US inflation data topped forecasts and reinforced the Federal Reserve’s cautious approach to cutting interest rates.
  • Underlying US inflation beat forecasts for a second month in February as prices jumped for used cars, air travel and clothes.
  • “Asian FX remains in a range as investors are likely to remain cautious with the key upcoming PPI and PCE prints,” said Alex Loo, macro strategist at TD