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EM ASIA FX-Ringgit, won top Asia FX gains on short-covering after US job data
August 5, 2013 / 8:39 AM / 4 years ago

EM ASIA FX-Ringgit, won top Asia FX gains on short-covering after US job data

(Updates prices. For midday report, double-click
 )
    SINGAPORE, Aug 5 (Reuters) - The Malaysian ringgit and the
South Korean won led gains among emerging Asian currencies as
weaker-than-expected U.S. July jobs data caused investors to cut
bearish bets on regional units.
    The ringgit outperformed Asian peers as investors
covered short positions in last week's second worst-performer
among emerging Asian currencies, with a 1.5 percent loss against
the dollar, according to Thomson Reuters data.
    The won found support from demand by exporters
such as shipbuilders.
    U.S. employers slowed their pace of hiring in July although
the jobless rate fell, a pair of mixed signals that could make
the Federal Reserve more cautious over scaling back its
bond-buying programme. 
    
  CURRENCIES VS U.S. DOLLAR
  Change on the day at 0831 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen        98.42          98.95       +0.54
  Sing dlr        1.2667         1.2724       +0.45
  Taiwan dlr      29.935         30.129       +0.65
  Korean won     1113.50        1123.60       +0.91
  Baht             31.33          31.41       +0.24
  Peso             43.47          43.61       +0.31
 *Rupiah        10280.00       10280.00       +0.00
  Rupee            60.74          61.10       +0.59
  Ringgit         3.2275         3.2575       +0.93
  Yuan            6.1247         6.1294       +0.08
 
  Change so far in 2013
  Currency    Latest bid  End prev year    Pct Move
  Japan yen        98.42          86.79      -11.82
  Sing dlr        1.2667         1.2219       -3.54
  Taiwan dlr      29.935         29.136       -2.67
  Korean won     1113.50        1070.60       -3.85
  Baht             31.33          30.61       -2.30
  Peso             43.47          41.05       -5.57
  Rupiah        10280.00        9630.00       -6.32
  Rupee            60.74          54.99       -9.47
  Ringgit         3.2275         3.0580       -5.25
  Yuan            6.1247         6.2303       +1.72
 * Financial markets in Indonesia are closed this week for
holidays.

 (Reporting by Jongwoo Cheon; Editing by Richard Borsuk)

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