EM ASIA FX-Rupiah leads Asia FX slides before Fed; ringgit plays catch-up

Reuters

(Updates prices. For midday report, double-click

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Singapore, Sept 17 (Reuters) - The Indonesian rupiah led

slides among emerging Asian currencies on Tuesday as investors

took profits ahead of the two-day meeting at which the Federal

Reserve is expected to start cutting its stimulus.

The rupiah fell on local corporate dollar demand.

The Indian rupee slid, although it pared some losses as

local shares recovered from falls.

The South Korean won fell as the foreign exchange

authorities were suspected of intervening to keep the currency

weaker than 1,080 per dollar before holidays, traders said.

The Philippine peso eased as investors covered

short positions in the dollar.

But the Malaysian ringgit rose when domestic

financial markets reopened after a holiday on Monday, during

which its Asian peers advanced.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0800 GMT

Currency Latest bid Previous day Pct Move

Japan yen 99.23 99.06 -0.18

Sing dlr 1.2620 1.2627 +0.06

Taiwan dlr 29.698 29.721 +0.08

Korean won 1083.75 1082.20 -0.14

Baht 31.77 31.70 -0.22

Peso 43.65 43.61 -0.09

Rupiah 11458.00 11360.00 -0.86

Rupee 63.12 62.83 -0.46

Ringgit 3.2485 3.2900 +1.28

Yuan 6.1211 6.1203 -0.01

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 99.23 86.79 -12.54

Sing dlr 1.2620 1.2219 -3.18

Taiwan dlr 29.698 29.136 -1.89

Korean won 1083.75 1070.60 -1.21

Baht 31.77 30.61 -3.65

Peso 43.65 41.05 -5.96

Rupiah 11458.00 9630.00 -15.95

Rupee 63.12 54.99 -12.88

Ringgit 3.2485 3.0580 -5.86

Yuan 6.1211 6.2303 +1.78

(Additional reporting by; Editing by Richard Borsuk)

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