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During early Asian deals on Wednesday, most Southeast Asian currencies gained ground against the US currency hitting multi-month highs as a rise in Asian stocks boosted demand for emerging-market assets. 

Asian stock markets are trading in positive territory Wednesday, with better-than-expected data on US manufacturing and retail sales front rising optimism about a swift economic revival.

During early Asian deals on Wednesday, most South East Asian currencies gained against the US currency. 

The Chinese yuan edged up during early Asian trading on Wednesday climbing to 6.8316 against the greenback around 9:20 pm ET, setting the highest level since June 4. That may be compared to Tuesday's New York close at 6.8357. The next likely target for USD/CNY rally was seen around 6.828 level.

Early Tuesday morning in Asia, most Southeast Asian currencies lost ground against the U.S. dollar. Thus the Indian rupee, Malaysian ringgit and the Taiwan dollar plunged from new multi-month highs against the US currency.

The currencies slipped despite a gain in stock prices. With better-than-expected economic data from the U.S.

Monday morning in Asia, most Southeast Asian currencies depreciated against the greenback as most of the markets in the Asia-Pacific region have turned weak after an early surge with participants turning cautious after news poured in about the conduct of a nuclear test by North Korea.

The Singapore dollar edged down to 1.4476 against buck during early Asian deals on Monday, with 1.45 seen as the near term support. USD/SGD pair closed Friday’s deals in New York at the level of 1.4424.