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Asian Currencies Mostly Weaken as Traders Await Tariff Developments

0034 GMT — Asian currencies mostly weaken against the dollar in the morning session as traders await tariff developments. The WSJ reported that the EU still wants a deal, but with U.S. demands growing, the bloc is readying a counterattack. 'Apart from China, who have a longer deadline, the most important deals for the global outlook are with the EU and Japan,' CBA's Kristina Clifton says in a research report. The USD's reaction to any announcements of trade deals with them would depend on the details of the deals, the senior economist and senior currency strategist says. USD/JPY is 0.1% higher at 147.52, USD/KRW is up 0.1% at 1,384.22, and AUD/USD is down 0.1% at 0.6522, FactSet data show. (ronnie.harui@wsj.com)
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