* Most Asian currencies steady or slightly lower
* Won, ringgit, and Singapore dollar slip
* Rupiah steady ahead of c.bank decision on Tuesday
By Masayuki Kitano
SINGAPORE, Oct 8 (Reuters) - Most emerging Asian currencies
were little changed or slightly lower on Tuesday as the budget
impasse in Washington tempered investors' appetite for riskier
Traders are worried that the U.S. Congress and President
Barack Obama may fail to reach a deal on raising the U.S.
government's borrowing cap by an Oct. 17 deadline, which could
lead to the risk of a U.S. default and cause turmoil in
Such jitters have helped weigh on Asian currencies, which
have taken a breather in the wake of last week's broad rally
against the dollar.
Their declines on Tuesday were led by the South Korean won
and the Malaysian ringgit, while the
Singapore dollar also slipped versus the U.S. dollar.
"It (the U.S. dollar) is definitely biddish with U.S. dollar
bears taking a breather," said Andy Ji, Singapore-based Asian
currency strategist at Commonwealth Bank in Australia.
The U.S. dollar has gained a bit of respite in the past
couple of days after its broad drop against Asian currencies
Speculation that the U.S. government's partial shutdown
could become protracted and lessen the chances of the Federal
Reserve scaling back its monetary stimulus in the near term had
helped knock the greenback lower last week.
The rupiah held steady versus the dollar as the
market awaited an interest rate decision by Indonesia's central
bank on Tuesday.
Thanks to how surprisingly good data reduced pressure,
Indonesia's central bank is expected to take a break on Tuesday
and - for the first time in five months - not raise interest
CURRENCIES VS U.S. DOLLAR
* Chinese yuan's previous day close is from Sept. 30.
Chinese markets were closed from Oct. 1 through Oct. 7 for the
National Day holiday.
Change on the day at 0449 GMT
Currency Latest bid Previous day Pct Move
Japan yen 97.05 96.70 -0.36
Sing dlr 1.2500 1.2480 -0.16
Taiwan dlr 29.394 29.536 +0.48
Korean won 1074.25 1071.50 -0.26
Baht 31.38 31.39 +0.03
Peso 43.09 43.10 +0.02
Rupiah 11530.00 11530.00 +0.00
Rupee 61.65 61.79 +0.23
Ringgit 3.2000 3.1895 -0.33
Yuan 6.1184 6.1220 +0.06
Change so far in 2013
Currency Latest bid End prev year Pct Move
Japan yen 97.05 86.79 -10.57
Sing dlr 1.2500 1.2219 -2.25
Taiwan dlr 29.394 29.136 -0.88
Korean won 1074.25 1070.60 -0.34
Baht 31.38 30.61 -2.45
Peso 43.09 41.05 -4.72
Rupiah 11530.00 9630.00 -16.48
Rupee 61.65 54.99 -10.80
Ringgit 3.2000 3.0580 -4.44
Yuan 6.1184 6.2303 +1.83
(Editing by Kim Coghill)