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Philippine peso, Taiwan dollar slip amid muted Asian currencies
The Philippine peso and Taiwan dollar slipped against the dollar amid muted Asian currency trading. The Indonesian rupiah was a top loser, while the Philippine peso and Thai baht fell most among weak Asian FX. Asian currencies generally weakened due to Trump tariff worries and focus on Fed policy, though the Indonesian rupiah and Philippine peso later led gains. Overall, Asian currencies were muted ahead of Trump's inauguration.
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