Asian Currencies Consolidate Amid Mild Risk Appetite
0038 GMT — Asian currencies consolidate against the dollar in early trade amid mild appetite for risky assets. The main theme has been risk-on, Commerzbank Research analysts say in a research report. The U.S. employment report released Friday was better than expected, they note. Even though U.S. employment growth continued to slow in May, the data still pointed to resilience in the labor market. USD/KRW edges 0.2% higher to 1,361.46, USD/SGD is little changed at 1.2887, and AUD/USD is up 0.1% at 0.6501, FactSet data show. (ronnie.harui@wsj.com)
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