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Asian FX hobbled by absence of catalysts, lingering trade worries


By Nikhil Nainan(Reuters) - Most Asian currencies struggled for traction on Tuesday as the backdrop of an U.S.-driven international trade war and the absence of positive catalysts kept investor sentiment largely in check.The Philippine peso, which has been hovering around 12-year lows, came under more strain as the nation's trade deficit widened further in May. "Trade war risk is likely to linger in the background as countries start to introduce measures to prepare for tariffs staying for a potentially longer-than-expected period," Mizuho said in a note. The dollar's index against a basket of ...

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First Published: Tue, July 10 2018. 12:16 IST