* Won up on president Park's exit
* Taiwan dollar, Indonesian rupiah fall in weak equities
* Markets cautious ahead of U.S jobs data
(Adds text, updates prices)
By Patturaja Murugaboopathy
March 10 Asian currencies wobbled on Friday as
investors awaited U.S job data later in the session which could
set the tone for a rate hike next week and more this year.
The South Korean won rose slightly after a
Constitutional Court upheld a parliamentary impeachment vote and
removed President Park Geun-hye from office.
Economists said the move, which paves the way for elections
within 60 days, would provide some clarity on leadership in the
The Indian rupee also edged up after exit polls
predicted a win for Prime Minister Narendra Modi's party in
Uttar Pradesh, the country's most populous state.
However, non-deliverable forwards slightly
weakened, suggesting the market senses a risk that Saturday's
results may diverge from the exit polls.
The Taiwan dollar and the Indonesian rupiah
fell on the back of weakness in their domestic markets and
"Everyone is waiting for non-farm payrolls, trying to keep
risk on the low side", said Andy Ji, a currency strategist at
Commonwealth Bank of Australia.
Analysts polled by Reuters forecast that U.S. employers
likely added 190,000 workers last month, fewer than January's
227,000, while average hourly earnings likely grew 0.3 percent
following a 0.3 percent fall in January.
The Thai baht was down 0.1 percent to 35.366 per
dollar, the lowest since Jan 20.
The baht is set for its worst weekly fall in about four
months of nearly 1 percent.
Foreigners have been net sellers of Thai equities recently.
They have sold more than $250 million so far this month, adding
to $100 million sales in February.
Also, rising U.S Treasury yields have closed up the gap with
Thai bonds' yields, spurring more selling in Thai bonds.
Thailand's 10-year government bond yields of 2.84 percent are
just about 23 basis points higher than the U.S 10-year Treasury
CURRENCIES VS U.S. DOLLAR
Change on the day
at 0619 GMT
Currency Latest bid Previous day Pct Move
Japan yen 115.400 114.91 -0.42
Sing dlr 1.419 1.4203 +0.10
Taiwan dlr 31.065 31.020 -0.14
Korean won 1158.100 1158.1 +0.00
Baht 35.369 35.336 -0.09
Peso 50.335 50.39 +0.11
Rupiah 13390.000 13385 -0.04
Rupee 66.690 66.71 +0.03
Ringgit 4.455 4.459 +0.10
Yuan 6.914 6.9070 -0.10
Change so far
Currency Latest bid End 2016 Pct Move
Japan yen 115.400 117.07 +1.45
Sing dlr 1.419 1.4490 +2.12
Taiwan dlr 31.065 32.279 +3.91
Korean won 1158.100 1207.70 +4.28
Baht 35.369 35.80 +1.22
Peso 50.335 49.72 -1.22
Rupiah 13390.000 13470 +0.60
Rupee 66.690 67.92 +1.84
Ringgit 4.455 4.4845 +0.67
Yuan 6.914 6.9467 +0.48
(Reporting by Patturaja Murugaboopathy with Additional
Reporting by Gaurav Dogra in Bengaluru; Editing by Kim Coghill)