SINGAPORE, Nov 8 — Most emerging Asian currencies fell today to suffer another week of losses after strong US growth data and a surprise rate cut by the European Central Bank, while investors braced for a key US jobs report due later in the day.

The Indian rupee underperformed on dollar demand from state-run banks, possibly on behalf of oil companies, and as the euro slid.

The euro fell further after Standard & Poor’s cut its sovereign ratings on France, warning that its economic reforms of the past year were not sufficient to lift growth.

The South Korean won slid as investors cut bullish bets due to dollar demand from importers and foreign investors’ stock selling.

The Thai baht eased as investors kept an eye on the senate’s debate on a controversial amnesty bill.

For the week, most emerging Asian currencies were set to post losses, led by the rupee, after sliding in the previous week.

The rupee has fallen 1.4 per cent against the dollar and the Indonesian rupiah has lost 0.7 per cent this week, according to Thomson Reuters data.

Both currencies are seen as vulnerable to a Fed policy shift due to their current account deficits.

Also this week, the baht has weakened 0.7 per cent on political tension, while the Malaysian ringgit is down 0.4 per cent. The won fell 0.4 per cent. — Reuters