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3 years ago
EM ASIA FX-Sliding yen, weak China PMI hit Asia FX; Sing dlr up with intervention spotted
November 20, 2014 / 8:33 AM / 3 years ago

EM ASIA FX-Sliding yen, weak China PMI hit Asia FX; Sing dlr up with intervention spotted

(Updates prices. For midday report, double-click
 )
    SINGAPORE, Nov 20 (Reuters) - Most emerging Asian currencies
fell on Thursday with the South Korean won near a 15-month low
as the yen lost ground and a private survey of China's
manufacturing sector increased worries about a slowdown in the
world's second-largest economy.
    The Singapore dollar rose as the central bank was
suspected by traders of supporting the currency.
    The won kept underperforming as it is seen more
sensitive to the yen's weakness, given the competition between
South Korea and Japan in exports markets.
    Investors built up the largest short positions in the won
since the 2008 global financial crisis in the last two weeks, a
Reuters poll showed. 
    Taiwan's dollar ended local trade down 0.5 percent
at 31.015 per U.S. dollar, its weakest since October 2010.
    The Indonesian rupiah fell as investors took
profits from its gains after the central bank raised interest
rates and the government increased fuel price earlier this week.
    The yen hit a seven-year low against the dollar and a
six-year trough versus the euro as speculators rushed
to carry trades funded by super-cheap liquidity from the Bank of
Japan.
    
    CURRENCIES VS U.S. DOLLAR
    Change on the day at 0800 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen       118.57         117.98       -0.50
  Sing dlr        1.3033         1.3055       +0.17
  Taiwan dlr      31.009         30.876       -0.43
  Korean won     1115.07        1106.30       -0.79
  Baht             32.83          32.81       -0.05
  Peso             45.07          45.07       +0.00
  Rupiah        12170.00       12145.00       -0.21
  Rupee            62.11          61.96       -0.24
  Ringgit         3.3610         3.3600       -0.03
  Yuan            6.1244         6.1198       -0.08
 
  Change so far in 2014
  Currency    Latest bid  End prev year    Pct Move
  Japan yen       118.57         105.28      -11.21
  Sing dlr        1.3033         1.2632       -3.08
  Taiwan dlr      31.009         29.950       -3.42
  Korean won     1115.07        1055.40       -5.35
  Baht             32.83          32.86       +0.10
  Peso             45.07          44.40       -1.50
  Rupiah        12170.00       12160.00       -0.08
  Rupee            62.11          61.80       -0.50
  Ringgit         3.3610         3.2755       -2.54
  Yuan            6.1244         6.0539       -1.15
 
 (Reporting by Jongwoo Cheon; Editing by Subhranshu Sahu)

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