August 13, 2014 / 8:28 AM / 3 years ago

EM ASIA FX-Won down before cbank meeting; Asia FX weaker on China data, Ukraine

(Updates prices. For midday report, double-click
 )
    SINGAPORE, Aug 13 (Reuters) - The South Korean won fell on
Wednesday as the central bank is expected to cut interest rates
this week while most other emerging Asian currencies slid on
weaker economic data from China and caution over the crisis in
Ukraine.
    The won came under further pressure from dollar
demand from local importers for payments.
    The Philippine peso fell on its overall weakness
in non-deliverable forwards.
    Earlier, data showed China retail sales in July grew less
than expected and the amount of money flowing into the economy
slowed to the lowest level in nearly six years, indicating more
policy support may be necessary to keep growth on track.
 
    Thailand's baht, however, rose on catch-up plays as
local financial markets were closed on Monday and Tuesday when
most emerging Asian currencies gained.
    Bangkok shares jumped more than 1 percent, well
outpacing regional equity markets.
    
    CURRENCIES VS U.S. DOLLAR
    Change on the day at 0800 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen       102.45         102.26       -0.19
  Sing dlr        1.2509         1.2506       -0.02
  Taiwan dlr      30.057         30.060       +0.01
  Korean won     1029.50        1026.40       -0.30
  Baht             32.01          32.14       +0.41
  Peso             43.97          43.84       -0.28
  Rupiah        11695.00       11685.00       -0.09
  Rupee            61.27          61.08       -0.31
  Ringgit         3.1925         3.1943       +0.06
  Yuan            6.1588         6.1583       -0.01
 
  Change so far in 2014
  Currency    Latest bid  End prev year    Pct Move
  Japan yen       102.45         105.28       +2.76
  Sing dlr        1.2509         1.2632       +0.98
  Taiwan dlr      30.057         29.950       -0.36
  Korean won     1029.50        1055.40       +2.52
  Baht             32.01          32.86       +2.67
  Peso             43.97          44.40       +0.98
  Rupiah        11695.00       12160.00       +3.98
  Rupee            61.27          61.80       +0.87
  Ringgit         3.1925         3.2755       +2.60
  Yuan            6.1588         6.0539       -1.70
 
 (Reporting by Jongwoo Cheon; Editing by Subhranshu Sahu)

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