Malaysia's ringgit led gains among emerging Asian currencies on Wednesday as a rebound in oil prices helped risky assets including regional equities recover some of the previous session's losses.
Most emerging Asian currencies started the day weaker as growing concerns over global economic recovery hurt risk appetites.
The U.S. trade deficit widened more than expected in February, indicating growth weakened further in the first quarter. Also, International Monetary Fund Managing Director Christine Lagarde said global growth is fragile and weak.
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Most emerging Asian currencies started the day weaker as growing concerns over global economic recovery hurt risk appetites.
The U.S. trade deficit widened more than expected in February, indicating growth weakened further in the first quarter. Also, International Monetary Fund Managing Director Christine Lagarde said global growth is fragile and weak.
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