Most Asian currencies held a narrow range on Friday, while the dollar extended recent losses as markets remained largely convinced that the Federal Reserve would cut interest rates again in October.
Concerns over escalating trade tensions between the United States and China and the ongoing U.S. government shutdown also weighed on the dollar, putting it on track for its worst week in nearly three months.
Most Asian currencies posted weekly gains, with the Japanese yen among the best performers amid growing uncertainty over fiscal spending and interest rates. The Indian rupee also outperformed, thanks to central bank intervention and hopes of a thaw in trade relations with the United States
