EM ASIA FX-Baht up on solid export data; Asia FX higher

Reuters

(Updates prices. For midday report, double-click

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SINGAPORE, Sept 26 (Reuters) - The Thai baht rose thanks to

stronger-than-expected export data on Thursday, leading gains in

emerging Asian currencies, though investors hesitated to make

big bets on regional units amid caution over a deadlock blocking

a U.S. budget deal.

The baht gained as much as 0.8 percent to 31.09 per

dollar as exports in August grew at their fastest pace in five

months, improving the chances the country can emerge from

recession in the third quarter despite some caution on global

demand.

The Indian rupee rose after the central bank eased

norms for providing swaps to banks that are borrowing funds

overseas.

The Taiwan dollar gained on exporters and foreign

financial institutions. The South Korean won also

advanced on sustained stock inflows and exporters' demand.

The Indonesian rupiah turned firmer on some demand

from foreign banks and as local banks bought it on behalf of

exporters, traders said. A Jakarta-based trader said state-run

banks also bought the rupiah.

Adding to support to the ailing currency, foreign investment

in Indonesian government bonds rose to 289.24 trillion rupiah

($25.18 billion) as of Sept. 25, or 5.23 trillion rupiah higher

than at the end of August, Finance Ministry data showed.

In the past two weeks, sentiment on emerging Asian

currencies has improved and long positions in the Chinese yuan

are at their largest in more than three months, a

Reuters poll showed. A major factor has been the U.S. Federal

Reserve's unexpected decision last week to maintain monetary

stimulus.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0820 GMT

Currency Latest bid Previous day Pct Move

Japan yen 98.92 98.43 -0.50

Sing dlr 1.2547 1.2545 -0.02

Taiwan dlr 29.640 29.690 +0.17

Korean won 1074.58 1076.70 +0.20

Baht 31.16 31.33 +0.55

Peso 43.25 43.44 +0.44

Rupiah 11455.00 11480.00 +0.22

Rupee 62.22 62.44 +0.35

Ringgit 3.2145 3.2230 +0.26

Yuan 6.1200 6.1200 +0.00

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 98.92 86.79 -12.26

Sing dlr 1.2547 1.2219 -2.61

Taiwan dlr 29.640 29.136 -1.70

Korean won 1074.58 1070.60 -0.37

Baht 31.16 30.61 -1.77

Peso 43.25 41.05 -5.09

Rupiah 11455.00 9630.00 -15.93

Rupee 62.22 54.99 -11.62

Ringgit 3.2145 3.0580 -4.87

Yuan 6.1200 6.2303 +1.80

($1 = 11485.0000 rupiah)

(Reporting by Jongwoo Cheon; Editing by Richard Borsuk)

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