Asian currencies gain, stocks slip after presidential debate

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Currencies,Gain,Stocks

ASIAN currencies strengthened on Wednesday while most equities wobbled, with investors focused on US inflation data that can influence the Federal Reserve's interest rate trajectory.

ASIAN currencies strengthened on Wednesday while most equities wobbled, with investors focused on US inflation data that can influence the Federal Reserve's interest rate trajectory.The broad MSCI emerging markets currency index was up 0.1 percent while the MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent.The Philippine peso and Malaysian ringgit strengthened 0.7 percent and 0.

1 percent, respectively, as of midday. Equities in Singapore, on the other hand, were up 0.4 percent.The average household debt has reached a record high in Thailand, Southeast Asia's second-largest economy, due to slow economic growth, lower incomes and high living costs, a university survey showed on Tuesday.Financial stability concerns like high household debt will likely dampen Bank of Thailand's enthusiasm for lower rates, Barclays said in a note.

 

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