(March 6): Most emerging currencies from Asia's export-driven economies firmed on Tuesday after senior Republicans advised U.S. President Donald Trump against imposing tariffs on steel and aluminium, raising hopes that a global trade war could be averted.
"The tempering of the trade rhetoric is playing positively...every corner of the world seems to be up in arms with this steel tariff and what it could lead to in terms of a possible escalation of trade wars," said Stephen Innes, head of trading for Asia Pacific at Oanda.
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