Asian Currencies Consolidate; Risk-off Sentiment May Weigh

06-08-2025

0046 GMT — Asian currencies consolidate against the dollar in the morning session. The main theme has been risk-off, Commerzbank Research analysts say in a research report. The U.S. ISM services report released overnight was weaker than expected, the analysts note. The services-sector index fell to 50.1 in July from 50.8 in previous month, suggesting that the services sector stalled in July, the analysts add. USD/KRW edges 0.2% higher to 1,389.40, while USD/SGD is little changed at 1.2872, and AUD/USD is 0.1% higher at 0.6477, LSEG data show. (ronnie.harui@wsj.com)

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