February 3, 2014 / 8:23 AM / 4 years ago

EM ASIA FX-Thai vote gives brief reprieve to baht; won leads Asia FX slides

(Updates prices. For midday report, double-click
 )
    SINGAPORE, Feb 3 (Reuters) - The Thai baht bounced on Monday
after peaceful elections over the weekend triggered
short-covering, while the South Korean won had its worst day in
7-1/2 months, leading losses among emerging Asian currencies on
stress in emerging markets.
    The baht gave up some of its earlier gains as
anti-government protesters ignored the Sunday's vote and
continued efforts to topple Prime Minister Yingluck Shinawatra.
 
    The won lost 1.3 percent, its largest daily loss
since June 20, as offshore funds and local interbank speculators
dumped the currency. Seoul shares lost 1.1 percent on
foreign investors' selling.
    The South Korean currency played catch-up to a selloff in
its regional peers after the U.S. Federal Reserve cut another
$10 billion in its monthly bond-buying programme. Domestic
markets were closed on Wednesday and Thursday for the Lunar New
Year holidays.
    Indonesia's rupiah fell on dollar demand from local
companies. It had briefly turned firmer after Indonesia posted
its third straight monthly trade surplus and its biggest in two
years, but failed to hold those gains. 
    
    CURRENCIES VS U.S. DOLLAR
    Change on the day at 0800 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen       102.13         102.01       -0.12
  Sing dlr        1.2762         1.2771       +0.07
 *Taiwan dlr      30.350         30.376       +0.09
  Korean won     1084.40        1070.40       -1.29
  Baht             32.93          33.00       +0.21
  Peso             45.40          45.32       -0.18
  Rupiah        12230.00       12205.00       -0.20
  Rupee            62.77          62.68       -0.14
 *Ringgit         3.3450         3.3465       +0.04
 *Yuan            6.0600         6.0600        0.00
 
  Change so far in 2014
  Currency    Latest bid  End prev year    Pct Move
  Japan yen       102.13         105.28       +3.08
  Sing dlr        1.2762         1.2632       -1.02
  Taiwan dlr      30.350         29.950       -1.32
  Korean won     1084.40        1055.40       -2.67
  Baht             32.93          32.86       -0.21
  Peso             45.40          44.40       -2.21
  Rupiah        12230.00       12160.00       -0.57
  Rupee            62.77          61.80       -1.54
  Ringgit         3.3450         3.2755       -2.08
  Yuan            6.0600         6.0539       -0.10
 * Financial markets in China, Malaysia and Taiwan were closed
for holidays.

 (Reporting by Jongwoo Cheon; Editing by Chris Gallagher)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below