(Updates prices. For midday report, double-click
SINGAPORE, Oct 31 (Reuters) - Most emerging Asian currencies
slid on Thursday as investors took profits from their monthly
gains after the Federal Reserve's steady stance disappointed
some expectations of more dovish comments.
The Indonesian rupiah led the daily depreciation.
Malaysia's ringgit also slid as investors cut bullish bets on
the best performing emerging Asian currency in October.
The South Korean won turned lower as the
authorities were suspected of intervening even after a U.S.
Treasury report urged Asia's fourth-largest economy to refrain
from targeting exchange rates.
The won came under further pressure from dollar demand from
importers and custodian banks, while foreign investors were set
to snap a record net buying streak at 44 sessions in Seoul's
main stock market.
In October, emerging Asian currencies were poised to see
The ringgit has risen 3.2 percent against the dollar, which
would be the largest monthly gain since January 2012, according
to Thomson Reuters data. Investors welcomed the government's
plans to tackle a fiscal deficit including a new consumption
The rupiah has advanced 2.7 percent on capital inflows. If
the Indonesian currency the appreciation, it would be the
biggest monthly rise since September 2009.
The Indian rupee has gained 2.0 percent, while both
the Singapore dollar has been up 1.4 percent.
The won rose 1.3 percent, while the Philippine peso gained
CURRENCIES VS U.S. DOLLAR
Change on the day at 0820 GMT
Currency Latest bid Previous day Pct Move
Japan yen 98.30 98.53 +0.23
Sing dlr 1.2385 1.2393 +0.06
Taiwan dlr 29.438 29.475 +0.13
Korean won 1060.44 1060.20 -0.02
Baht 31.10 31.06 -0.13
Peso 43.21 43.10 -0.25
Rupiah 11265.00 11165.00 -0.89
Rupee 61.35 61.24 -0.19
Ringgit 3.1570 3.1485 -0.27
Yuan 6.0944 6.0938 -0.01
Change so far in 2013
Currency Latest bid End prev year Pct Move
Japan yen 98.30 86.79 -11.71
Sing dlr 1.2385 1.2219 -1.34
Taiwan dlr 29.438 29.136 -1.03
Korean won 1060.44 1070.60 +0.96
Baht 31.10 30.61 -1.58
Peso 43.21 41.05 -5.00
Rupiah 11265.00 9630.00 -14.51
Rupee 61.35 54.99 -10.37
Ringgit 3.1570 3.0580 -3.14
Yuan 6.0944 6.2303 +2.23
(Reporting by Jongwoo Cheon; Editing by Kim Coghill)
- Budget, Tax & Economy