Asia FX muted, dollar subdued with U.S. PMIs in sight.
Asian currencies kept to a tight range on Friday, while the dollar moved little as a U.S. market holiday made for scant trading, although focus now turned to key business activity readings due later in the day.
Most regional currencies were set for some weekly gains amid growing conviction that the Federal Reserve was done raising interest rates. This notion had put the dollar at near three-month lows at the beginning of the week.
But the greenback saw some strength in recent sessions, following strong U.S. labor data and some hawkish signals from the minutes of the Fed’s recent meeting.