By Nikhil Nainan
(Reuters) - Asian currencies weakened on Tuesday with the South Korean won and Indonesian rupiah falling the most, as easing trade tensions helped shore up the dollar and push up U.S. bond yields.
The dollar index against a basket of six major currencies edged up 0.2 percent to 92.792 at 0502 GMT.
Indonesia's rupiah weakened to 14,030 a dollar. Its loss for the day increased slightly after Southeast Asia's largest economy reported that in April it had its biggest trade deficit in four years.
The data showed a trade deficit of $1.62 billion in April which conflicted with most estimates, including a Reuters poll, and was a departure from a $1.12 billion surplus in March.
The rupiah remains perched around two-and-a-half-year lows.
The Philippine peso fell 0.4 percent to 52.677 to the dollar, its lowest level in nearly 12 years.
The South Korean won declined 0.7 percent, ahead of revised April trade data later in the day.
The Chinese yuan slipped to 6.349 a dollar, following a slew of economic data, which showed China's industrial output grew 7 percent in April, quicker than expected, while retail sales missed expectations.
Caution was echoed by the U.S. Ambassador to China Terry Branstad, who says the countries are still "very far apart" on resolving trade frictions.
The Indian rupee inched down to its lowest in over three months, following data that showed annual retail and wholesale inflation accelerated in April, with many economists expecting a more hawkish central bank at June's policy meeting.
An increase in oil prices of $10 a barrel could quicken inflation by about 1 percentage point and reduce economic growth by 0.2 to 0.3 percentage points, a senior finance ministry official told Reuters.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Richard Borsuk)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)