(Updates levels, for earlier report, double-click on
SINGAPORE, Oct 11 (Reuters) - The Indonesian rupiah surged
more than 1 percent and Asian currencies rose broadly on Friday
as risk sentiment improved on growing hopes for a deal in
Washington to end a fiscal standoff and avert a U.S. default.
Most emerging Asian currencies pushed higher, with the
rupiah climbing 1.1 percent and the Malaysian ringgit
A Jakarta-based trader said foreign players were the main
sellers of the U.S. dollar against the rupiah on Friday, adding
that he thought there were some inflows into Indonesian equities
and bonds. Jakarta shares were up about 0.9 percent.
Besides being the day's top performer, the rupiah was on
track to outperform regional peers for the week. The currency
was up about 1.3 percent, which would be its biggest weekly
percentage gain since January 2012.
Elsewhere, the Indian rupee was headed for a weekly gain of
about 0.2 percent, while most other Asian currencies
were either slightly lower for the week or about flat.
In the U.S., Republicans offered a plan to President Barack
Obama on Thursday that would extend the government's borrowing
authority for several weeks, staving off a default that could
come as soon as Oct. 17.
No deal emerged from a 90-minute meeting at the White House,
but talks continued in an effort to reopen the government and
extend its borrowing authority beyond the mid-October deadline.
The Singapore dollar held steady and lagged its
regional peers, as investors awaited a monetary policy decision
by Singapore's central bank and data on Singapore's
third-quarter gross domestic product due on Monday.
The Monetary Authority of Singapore (MAS) is expected to
keep monetary policy unchanged as it stays on guard against
inflation, while an expected contraction in third-quarter GDP is
likely to be seen as a temporary blip.
The MAS is likely to let the local dollar keep appreciating
at its current trajectory, according to a Reuters survey of
CURRENCIES VS U.S. DOLLAR
* Taiwan dollar's previous close is from Oct. 9. Taiwan's
financial markets were closed on Thursday for a public holiday.
Change on the day at 0759 GMT
Currency Latest bid Previous day Pct Move
Japan yen 98.28 98.16 -0.12
Sing dlr 1.2472 1.2481 +0.07
Taiwan dlr 29.405 29.548 +0.49
Korean won 1070.87 1073.60 +0.25
Baht 31.29 31.40 +0.35
Peso 43.12 43.15 +0.07
Rupiah 11355.00 11480.00 +1.10
Rupee 61.27 61.39 +0.20
Ringgit 3.1780 3.1915 +0.42
Yuan 6.1177 6.1158 -0.03
Change so far in
Currency Latest bid End prev year Pct Move
Japan yen 98.28 86.79 -11.69
Sing dlr 1.2472 1.2219 -2.03
Taiwan dlr 29.405 29.136 -0.91
Korean won 1070.87 1070.60 -0.03
Baht 31.29 30.61 -2.17
Peso 43.12 41.05 -4.80
Rupiah 11355.00 9630.00 -15.19
Rupee 61.27 54.99 -10.25
Ringgit 3.1780 3.0580 -3.78
Yuan 6.1177 6.2303 +1.84
(Editing by Richard Borsuk)