* Chinese factory data due on Thursday * India Oct-Dec quarter GDP growth awaited this week * S. Korean won edges up on Trump-Kim summit (Adds text, updates prices) By Niyati Shetty Feb 27 (Reuters) - Most Asian currencies traded sideways on Wednesday after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank's shift to a more "patient" monetary policy as the world's biggest economy slows. Powell on Tuesday told U.S. lawmakers that the Fed was in "no rush to make a judgement" about further changes to interest rates, solidifying comments last month which indicated a pause in the three-year cycle of rate hikes. "After initial relief re-pricing, markets may default to erring on the side of caution," Mizuho Bank said in a note to clients. With no new changes to Powell's stance, market participants began looking ahead to his appearance before the House of Representatives Financial Services Committee later on Wednesday. Asian units took a hit in 2018 as rate differentials in the region widened after the Fed raised key rates four times, but were relieved after a dovish shift by the Fed this year. The Chinese yuan and the Malaysian ringgit were slightly firmer. Investors are also waiting for Chinese manufacturing data on Thursday. A Reuters poll expects factory activity in the world's second largest economy to have contracted for the third straight month in February, adding to evidence of a slowdown. The Indian rupee declined marginally against the dollar as investors were cautious about the country's latest border conflict with Pakistan. India said its warplanes attacked a militant training camp inside Pakistan on Tuesday, raising the risk of conflict between the nuclear-armed neighbours and keeping financial markets on edge. India's economy likely grew at its slowest pace in over a year in the October-December quarter, a Reuters poll showed, supporting the Reserve Bank of India's sudden dovish turn in early February. The Thai baht weakened the most in the region, faltering 0.3 percent. Thailand's factory output missed analyst expectations, rising 0.18 percent from a year ago. Also slightly lower against the dollar was the Philippine peso and the Indonesian rupiah. The Korean won edged higher ahead of talks between U.S. President Donald Trump and North Korean leader Kim Jong Un in Vietnam on Wednesday to break a stalemate over the North's nuclear weapons and missile programmes. However, the won's gains were limited as South Korea's exports likely fell the most in nearly three years in February as Chinese demand falters, a Reuters poll showed. The following table shows rates for Asian currencies against the dollar at 0545 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 110.560 110.57 +0.01 Sing dlr 1.348 1.3471 -0.03 Taiwan dlr 30.770 30.783 +0.04 Korean won 1117.700 1118.6 +0.08 Baht 31.385 31.3 -0.27 Peso 52.010 51.96 -0.10 Rupiah 14005.000 13988 -0.12 Rupee 71.135 71.06 -0.10 Ringgit 4.064 4.069 +0.12 Yuan 6.688 6.6999 +0.18 Change so far in 2019 Currency Latest bid End 2018 Pct Move Japan yen 110.560 109.56 -0.90 Sing dlr 1.348 1.3627 +1.13 Taiwan dlr 30.770 30.733 -0.12 Korean won 1117.700 1115.70 -0.18 Baht 31.385 32.55 +3.71 Peso 52.010 52.47 +0.88 Rupiah 14005.000 14375 +2.64 Rupee 71.135 69.77 -1.92 Ringgit 4.064 4.1300 +1.62 Yuan 6.688 6.8730 +2.76 (Reporting by Niyati Shetty in Bengaluru; editing by Darren Schuettler)
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