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Dollar softer in Asia as S Korea’s won leads regional gains

Major currencies continued to advance on the dollar in Asia trade on Tuesday, with the dollar index dropping 0.1 per cent to 98.857 after shedding a third of one per cent on Monday.

South Korea’s won led the charge, gaining half a percent on the greenback to Won1,117.95 and bringing it 1.9 per cent stronger since the election of president Moon Jae-in on Tuesday.

The Australian dollar was up 0.2 per cent at $0.743, while Japan’s yen firmed 0.1 per cent to ¥1132.65.

Outside the region Mexico’s peso was the strongest performer, gaining 0.4 per cent to 18.6367 per dollar as tumult erupted in Washington over President Donald Trump’s reported leaking of classified intelligence to Russian diplomats.