EM ASIA FX-Weak U.S. jobs data supports Asia FX; China worries cap upside

Reuters

(Updates prices. For midday report, double-click

)

SINGAPORE, Oct 23 (Reuters) - Most emerging Asian currencies

rose on Wednesday as tepid U.S. jobs data cemented views that

the Federal Reserve will keep its stimulus at least until early

2014, but they pared some gains on worries about tighter policy

in China.

China's primary short-term money rates jumped

in a delayed reaction to signals from regulators that they are

considering tightening liquidity to tame rising inflationary

pressure.

That dented risk sentiment, with MSCI's broadest index of

Asia-Pacific shares outside Japan down 0.9

percent, prompting investors to take profits from emerging Asian

currencies. The Singapore dollar turned weaker.

Still, most regional currencies posted daily gains as U.S.

nonfarm payrolls increased by 148,000 workers in September, less

than expected. While the employment gain in August was revised

up, the July figure was revised down to the weakest since June

2012.

The South Korean won hit a nine-month high as

foreign investors extended their buying spree in Seoul's main

stock market to a record 39th consecutive session.

Exporters' demand for month-end settlements also added support.

The won trimmed some gains as offshore funds took profits

amid the China worries and caution over possible intervention by

Seoul authorities to stem its upside.

The Malaysian ringgit rose on short-covering, while

investors including macro funds took profits amid jitters ahead

of the 2014 budget due on Friday.

The Indonesian rupiah touched a near five-week peak

on strong shares and a day after a strong bond sale.

Month-end dollar demand from local companies limited the

currency's gains.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0800 GMT

Currency Latest bid Previous day Pct Move

Japan yen 97.37 98.13 +0.78

Sing dlr 1.2391 1.2357 -0.27

Taiwan dlr 29.414 29.466 +0.18

Korean won 1057.06 1060.80 +0.35

*Baht 30.95 31.14 +0.60

Peso 43.11 43.17 +0.14

Rupiah 11265.00 11292.00 +0.24

Rupee 61.60 61.66 +0.09

Ringgit 3.1650 3.1725 +0.24

Yuan 6.0867 6.0935 +0.11

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 97.37 86.79 -10.87

Sing dlr 1.2391 1.2219 -1.39

Taiwan dlr 29.414 29.136 -0.95

Korean won 1057.06 1070.60 +1.28

Baht 30.95 30.61 -1.10

Peso 43.11 41.05 -4.78

Rupiah 11265.00 9630.00 -14.51

Rupee 61.60 54.99 -10.73

Ringgit 3.1650 3.0580 -3.38

Yuan 6.0867 6.2303 +2.36

* Financial markets in Thailand were closed for a holiday.

(Reporting by Jongwoo Cheon; Editing by Chris Gallagher)

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