Emerging Asian currencies edged higher against a weaker U.S. dollar on Tuesday as expectations for a Federal Reserve interest-rate hike next month faded, although rising oil prices linked to escalating Middle East tensions limited gains, according to a Reuters report.
The Taiwan dollar strengthened as much as 0.2% to 31.774 per dollar, its strongest level in nearly two months, while the South Korean won climbed 0.5% to a one-week high. The MSCI emerging-market currency index was largely unchanged.
