Leading stock markets mostly rose on Thursday following data confirming a strong US economic recovery.
The dollar slipped slightly on Thursday but was still close to its highest since July 2020 against the euro, having strengthened due to market expectations that the U.S. Federal Reserve will raise rates sooner than other major central banks. Minutes from the Fed's Nov. 2-3 meeting boosted the dollar on Wednesday as they indicated the Fed had become more concerned about rising inflation.
* Thai stocks hit more than 2-year high * Singapore posts better-than-expected Q3 GDP * Bank of Korea's rate decision expected on Thursday By Harish Sridharan Nov 24 (Reuters) - Emerging market currencies in Asia were resilient on Wednesday, even as rate-hike bets strengthened the U.S dollar, while Thai stocks rose after the country's finance minister said that the monetary policy must stay accommodative to aid fiscal policy. "The pressure on Asian currencies is far more limited than what you would have expected given the bounce in the dollar," said Mitul Kotecha, EM Strategist at TD Securities. "One of the reasons that Asian currencies have been well supported is the anchor provided by the yuan."