EM ASIA FX-Strong yuan supports Asia FX; baht down on weaker growth

February 15, 2016 6:23 AM

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* PBOC's yuan fixing biggest rise since Nov. 2 * Thai Q4 q/q growth below forecast, recovery still fragile * Taiwan dollar near six-week high on inflows (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, Feb 15 Most emerging Asian currencies rose on Monday after China's central bank set its daily yuan guidance rate sharply firmer, easing concerns over risks of devaluation, and as regional stock markets clawed back some of their recent heavy losses.

Thailand's baht, however, fell as quarterly economic growth in the last three months of 2015 came in slightly weaker than expected. The yuan jumped more than 1 percent to 6.4900 per dollar - its firmest this year - as the People's Bank of China set its daily midpoint 0.3 percent stronger before the ...

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