Ringgit, Thai baht rise most in subdued Asian FX; shares fall

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Ringgit, Thai baht rise most in subdued Asian FX; shares fall
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THE Malaysian ringgit and Thai baht rose and other Asian currencies eked out minor gains while Asian shares fell, as investors held off taking fresh bets ahead of key U.S. data that could shed light on the Fed's easing cycle.

The Thai baht rose about 0.3%, while other Asian currencies managed small gains, with the South Korean won, Singapore dollar, Chinese yuan and Taiwan dollar trading flat to 0.2% higher. Investors awaited the release of a U.S. labour market report next week, and the U.S. Federal Reserve's preferred inflation measure - the personal consumption expenditures index - on Friday, in an other-wise data-light week that has largely kept currencies drifting in narrow ranges.

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