U.S. Markets closed

EM ASIA FX-Some Asian currencies slip, focus on U.S. impasse

* Most Asian currencies steady or slightly lower

* Won, ringgit, and Singapore dollar slip

* Rupiah steady ahead of c.bank decision on Tuesday

By Masayuki Kitano

SINGAPORE, Oct 8 (Reuters) - Most emerging Asian currencies

were little changed or slightly lower on Tuesday as the budget

impasse in Washington tempered investors' appetite for riskier


Traders are worried that the U.S. Congress and President

Barack Obama may fail to reach a deal on raising the U.S.

government's borrowing cap by an Oct. 17 deadline, which could

lead to the risk of a U.S. default and cause turmoil in

financial markets.

Such jitters have helped weigh on Asian currencies, which

have taken a breather in the wake of last week's broad rally

against the dollar.

Their declines on Tuesday were led by the South Korean won

and the Malaysian ringgit, while the

Singapore dollar also slipped versus the U.S. dollar.

"It (the U.S. dollar) is definitely biddish with U.S. dollar

bears taking a breather," said Andy Ji, Singapore-based Asian

currency strategist at Commonwealth Bank in Australia.

The U.S. dollar has gained a bit of respite in the past

couple of days after its broad drop against Asian currencies

last week.

Speculation that the U.S. government's partial shutdown

could become protracted and lessen the chances of the Federal

Reserve scaling back its monetary stimulus in the near term had

helped knock the greenback lower last week.


The rupiah held steady versus the dollar as the

market awaited an interest rate decision by Indonesia's central

bank on Tuesday.

Thanks to how surprisingly good data reduced pressure,

Indonesia's central bank is expected to take a break on Tuesday

and - for the first time in five months - not raise interest



* Chinese yuan's previous day close is from Sept. 30.

Chinese markets were closed from Oct. 1 through Oct. 7 for the

National Day holiday.

Change on the day at 0449 GMT

Currency Latest bid Previous day Pct Move

Japan yen 97.05 96.70 -0.36

Sing dlr 1.2500 1.2480 -0.16

Taiwan dlr 29.394 29.536 +0.48

Korean won 1074.25 1071.50 -0.26

Baht 31.38 31.39 +0.03

Peso 43.09 43.10 +0.02

Rupiah 11530.00 11530.00 +0.00

Rupee 61.65 61.79 +0.23

Ringgit 3.2000 3.1895 -0.33

Yuan 6.1184 6.1220 +0.06

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 97.05 86.79 -10.57

Sing dlr 1.2500 1.2219 -2.25

Taiwan dlr 29.394 29.136 -0.88

Korean won 1074.25 1070.60 -0.34

Baht 31.38 30.61 -2.45

Peso 43.09 41.05 -4.72

Rupiah 11530.00 9630.00 -16.48

Rupee 61.65 54.99 -10.80

Ringgit 3.2000 3.0580 -4.44

Yuan 6.1184 6.2303 +1.83


(Editing by Kim Coghill)