Commodity rout hits emerging Asian currencies

Singapore

MOST emerging Asian currencies eased on Wednesday as a rebound in oil prices failed to ease concerns over a commodity rout that has renewed concerns about global deflationary pressures, a risk brought home by China's tame inflation data.

In onshore trade, the Chinese yuan slid to its weakest against the dollar since Aug 26 after the People's Bank of China set its daily guidance rate at a four-year low.