EMERGING MARKETS-S.Korea's won and Philippine peso rise, U.S. inflation in focus - NewsBreak

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By Shannon in Business
Updated 3 years ago

* S.Korea's won firms nearly 0.5% * Philippine peso, Singapore dollar appreciate * Singapore's MAS to make no changes to policy - Reuters poll * U.S. Sept inflation data awaited By Sameer Manekar Oct 13 (Reuters) - South Korea's won and Philippine peso appreciated modestly on Wednesday as the U.S. dollar eased slightly from its near one-year highs as markets awaited U.S. inflation numbers, while most other Asian currencies treaded water. The U.S. dollar is being supported at its near one-year highs on expectations that the U.S. Federal Reserve would begin tapering stimulus next month, as rising oil prices and an energy crisis in China fuel inflation concerns. The dollar index, which measures the greenback against six rivals, eased marginally to 94.363 from Tuesday, when it touched 94.563 for the first time since late September 2020. Investor focus turns to the U.S. September inflation numbers in the wake of mounting inflationary pressures to gauge the Fed's policy, with markets keeping

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