EM ASIA FX-Philippine peso leads Asia FX gains; baht erases loss

Reuters

(Updates prices. For midday report, double-click

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SINGAPORE, Nov 5 (Reuters) - The Philippine peso led gains

among emerging Asian currencies on Tuesday as regional units

recovered after the U.S. Federal Reserve said it was in no hurry

to taper its monetary stimulus.

The peso rose amid lower government bond yields

with data showing October inflation at a slower-than-expected

2.9 percent.

The Philippine 10-year bond yield fell 7 basis

points to 3.565 percent, its lowest since Aug. 15. Five-year

yield slid to 3.013 percent from the previous session's 3.154

percent.

The South Korean won gained on exporters' demand

for settlements, while foreign financial institutions lifted the

Taiwan dollar.

The Thai baht recovered after an early loss, thanks

to a rebound in local stocks. The baht initially fell on

concern over political tensions.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0847 GMT

Currency Latest bid Previous day Pct Move

Japan yen 98.25 98.60 +0.36

Sing dlr 1.2423 1.2424 +0.01

Taiwan dlr 29.447 29.506 +0.20

Korean won 1060.68 1062.90 +0.21

Baht 31.25 31.25 +0.00

Peso 43.20 43.30 +0.23

*Rupiah 11345.00 11345.00 +0.00

Rupee 61.73 61.74 +0.02

*Ringgit 3.1715 3.1740 +0.08

Yuan 6.0968 6.0992 +0.04

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 98.25 86.79 -11.66

Sing dlr 1.2423 1.2219 -1.64

Taiwan dlr 29.447 29.136 -1.06

Korean won 1060.68 1070.60 +0.94

Baht 31.25 30.61 -2.05

Peso 43.20 41.05 -4.98

Rupiah 11345.00 9630.00 -15.12

Rupee 61.73 54.99 -10.91

Ringgit 3.1715 3.0580 -3.58

Yuan 6.0968 6.2303 +2.19

* Financial markets in Indonesia and Malaysia were closed for

holidays.

(Reporting by Jongwoo Cheon; Editing by Richard Borsuk)

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