Most emerging markets' currencies and stocks gained on Wednesday against a weak dollar, with traders awaiting a crucial U.S. inflation reading to determine whether the Federal reserve is at the end of its rate hike cycle.
Romania's central bank kept its benchmark interest rate unchanged at 7.00% as expected on Wednesday and maintained a forecast for inflation to ease back to a single-digit rate during the third quarter.
Japan's broad Topix index of shares climbed for a second straight day on Thursday as higher energy prices boosted commodities producers, while chip-related stocks weighed on the benchmark Nikkei gauge.
South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country's financial regulator said on Tuesday. (Reporting by Jihoon Lee Editing by Ed Davies)