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EM ASIA FX-Rupiah, ringgit lead Asia FX gains; Malaysia budget eyed

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SINGAPORE, Oct 25 (Reuters) - The Indonesian rupiah and

Malaysia's ringgit led gains among emerging Asian currencies on

Friday as expectations the U.S. Federal Reserve will maintain

its bond-buying programme through early next year kept the

dollar pressured.

The rupiah rose as much as 2.1 percent to 10,910 per

dollar, its strongest since Sept. 2. The Indonesian currency is

set to enjoy the best week in more than four years on capital

inflows and demand from real money funds.

The ringgit rose on hopes the government will

announce later in the day measures to cut the fiscal deficit.

Malaysia expects to meet its target of a lower budget

deficit next year helped by stronger economic growth and

improved tax collection, according to the government's annual

economic report.

The Singapore dollar advanced as the city-state's

industrial output in September grew faster than expected.

This week, the rupiah took top honours in emerging Asia,

making the most out of the U.S. dollar's dour near term outlook.

The Indonesian currency has risen 2.9 percent against the

dollar, the largest weekly gain since the week ended on June 5,

2009, according to Thomson Reuters data.

The rupiah is seen as one of the most vulnerable to the

Fed's tapering due to Indonesia's sizable current account

deficit. It remains the worst-performing Asian currency of the


The ringgit has also gained 0.4 percent so far this week,

while the Singapore dollar has risen 0.2 percent.

The South Korean won took a different path,

turning weaker for the week with a 0.1 percent loss after the

foreign exchange authorities on Thursday were spotted buying

dollars after earlier warning against "excessive" won moves.

On Friday, Bank of Korea Governor Kim Choong-soo said the

won's recent movement have been significantly volatile.


Change on the day at 0805 GMT

Currency Latest bid Previous day Pct Move

Japan yen 97.01 97.29 +0.29

Sing dlr 1.2360 1.2374 +0.11

Taiwan dlr 29.436 29.452 +0.05

Korean won 1060.76 1061.00 +0.02

Baht 31.10 31.16 +0.19

Peso 43.05 43.09 +0.09

Rupiah 10985.00 11140.00 +1.41

Rupee 61.58 61.46 -0.19

Ringgit 3.1450 3.1605 +0.49

Yuan 6.0830 6.0820 -0.02

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 97.01 86.79 -10.53

Sing dlr 1.2360 1.2219 -1.14

Taiwan dlr 29.436 29.136 -1.02

Korean won 1060.76 1070.60 +0.93

Baht 31.10 30.61 -1.58

Peso 43.05 41.05 -4.65

Rupiah 10985.00 9630.00 -12.34

Rupee 61.58 54.99 -10.70

Ringgit 3.1450 3.0580 -2.77

Yuan 6.0830 6.2303 +2.42

(Reporting by Jongwoo Cheon; Editing by Jacqueline Wong)