Turkey's lira edged lower against the dollar in early trade after President Tayyip Erdogan appointed Nureddin Nebati as finance minister overnight, with market attention also focused on central bank calls with investors on Thursday.
Capital flows to emerging markets not including China suffered a "sudden stop" this quarter according to the Institute of International Finance, setting up some EMs poorly for an expected monetary tightening cycle in developed economies.
The Kenyan shilling is expected to test fresh record lows against the dollar in the next week, while the Nigerian naira will also be under pressure from holidays-related demand for hard currency.
Hong Kong residents leaving the city for good withdrew a total of HK$2.604 billion ($334 million) from their Mandatory Provident Fund (MPF) pension accounts in the third quarter of 2021, up 52.8% from a year earlier, government data showed.
A sharply fluctuating Turkish lira flirted with record lows on Wednesday as the central bank said it had intervened to prop up the currency, while President Tayyip Erdogan reaffirmed his determination to stick with steep rate cuts.