Asian currencies subdued after US inflation; set for weekly losses – Markets

Asian emerging markets currencies languished on Friday as higher-than-expected inflation in the United States failed to deter March interest rate cut bets, keeping the greenback steady, with most currencies on track to end the week lower.

The Philippine peso edged 0.1% higher on Friday, but logged a 0.7% decline over the week, set for its biggest weekly loss since late August last year. The…