(Updates prices. For midday report, double-click
SINGAPORE, Sept 6 (Reuters) - The Indian rupee led gains for
some emerging Asian currencies on Friday, but most Southeast
Asian ones were down and on track for weekly losses on worries
that coming U.S. job data will raise the chance of the Federal
Reserve cutting its monetary stimulus.
The Indonesian rupiah's indicative prices have fallen
2.2 percent against the dollar for the week, hitting their
lowest since April 2009, according to Thomson Reuters data, on
sustained dollar demand from local companies.
The Malaysian ringgit extended slides after data
showed the country's July trade surplus missed market
expectations. The ringgit has dropped 1.3
percent so far this week.
The Thai baht has eased 0.6 percent this week,
while the Singapore dollar has slipped 0.4 percent.
The dollar held firm near a seven-week high against a basket
of currencies after a strong U.S. service sector report and a
solid private jobs figure.
The U.S. Labour Dept. is scheduled to announce August
nonfarm payroll data later on Friday.
Southeast Asian countries, especially Indonesia, were seen
as more vulnerable to the Fed's reduction in bond-buying
programme because of weaker economic and fiscal fundamentals.
The South Korean won and the rupee
posted weekly gains.
The won was the week's best performing emerging Asian
currency, with a 1.6 percent appreciation, thanks to sustained
stock purchases by foreigners.
The rupee, up 0.9 percent on Friday, has risen 0.5 percent
this week as the new central bank chief unveiled steps to
support the ailing currency and on stock inflows.
Both the Taiwan dollar and the Philippine peso
rose 0.3 percent for the week.
CURRENCIES VS U.S. DOLLAR
Change on the day at 0902 GMT
Currency Latest bid Previous day Pct Move
Japan yen 99.66 100.11 +0.45
Sing dlr 1.2791 1.2808 +0.13
Taiwan dlr 29.868 29.985 +0.39
Korean won 1092.65 1098.40 +0.53
Baht 32.35 32.31 -0.12
Peso 44.48 44.54 +0.13
Rupiah 11150.00 11100.00 -0.45
Rupee 65.44 66.01 +0.87
Ringgit 3.3270 3.3050 -0.66
Yuan 6.1205 6.1199 -0.01
Change so far in 2013
Currency Latest bid End prev year Pct Move
Japan yen 99.66 86.79 -12.91
Sing dlr 1.2791 1.2219 -4.47
Taiwan dlr 29.868 29.136 -2.45
Korean won 1092.65 1070.60 -2.02
Baht 32.35 30.61 -5.38
Peso 44.48 41.05 -7.70
Rupiah 11150.00 9630.00 -13.63
Rupee 65.44 54.99 -15.97
Ringgit 3.3270 3.0580 -8.09
Yuan 6.1205 6.2303 +1.79
(Reporting by Jongwoo Cheon; Editing by Richard Borsuk)
- USA News