The INR/USD and MYR/USD were among the best performers, with the rupee adding 0.4% and ringgit advancing 0.5%

Most Asian currencies edged higher on Thursday as the dollar eased but remained near a 13-month high, letting currencies recover some recent losses, although expectations of further U.S. central bank tightening continued to underpin the dollar.

The INR/USD and MYR/USD were among the best performers, with the rupee adding 0.4% and ringgit advancing 0.5%. Investors booked some profits on the dollar following its recent rally.

The Indian rupee was among the strongest performers, extending gains following Bank Negara Malaysia’s measures this week to encourage foreign inflows and the repatriation of overseas earnings.

Yuan also recovered modestly, with USD/CNY and offshore USD/CNH both easing nearly 0.1%, while the PHP/USD, IDR/USD and THB/USD also rose between 0.1% and 0.4%, each, as the softer dollar improved sentiment across Asian currencies.

The USD/JPY was little changed, although it remained near multi-decade lows as traders stayed alert for any signs of official intervention. KRW/USD was up 0.2% after a sharp rally in domestic equities, while TWD/USD was up 0.3%.

The AUD/USD was little changed around $0.69 after data showed Australia’s economy added 40,300 jobs in May, the strongest increase in five months, while the unemployment rate unexpectedly eased to 4.4%.

The figures pointed to a resilient labour market but did little to alter expectations for the Reserve Bank of Australia’s policy path. Capital Economics said the employment data was unlikely to settle the debate over the RBA’s next move, though persistent underlying inflation continued to support its view that policymakers could still deliver one final “insurance” rate hike.

The NZD/USD also steadied after sliding to a seven-month low earlier this week.