Most Asian currencies in tight range

Most Asian currencies traded in a tight range on Friday, as data showing China's economy is gradually recovering from the coronavirus shock countered worries over worsening Sino-US relations. The Chinese yuan slipped 0.1% and was on its way to its biggest weekly drop in a month.

The trade-reliant Singapore dollar and the South Korean won, both highly sensitive to China's economic fortunes, shed up to 0.2% each.

The Philippine peso weakened 0.5% to see its worst session in two weeks as several media outlets reported a severe Typhoon Vongfong was moving toward the main island of Luzon, forcing people to flee to evacuation centres.

The Indonesian rupiah firmed slightly after declining 0.3% earlier in the session. It was set to post a weekly gain of 0.4%.

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