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EM ASIA FX-Rupiah near 4-1/2-yr low, won down on intervention caution
September 11, 2013 / 8:44 AM / 4 years ago

EM ASIA FX-Rupiah near 4-1/2-yr low, won down on intervention caution

(Updates prices. For midday report, double-click [ID:)
    SINGAPORE, Sept 11 (Reuters) - The Indonesian rupiah and the
South Korean won led slides among emerging Asian currencies on
Wednesday on profit-taking from their gains earlier this week,
although regional currencies found support from an easing
military tension in Syria.
    The 10-year U.S. Treasury note yield turned
lower, providing some relief to regional currencies.
    The rupiah hovered near its weakest in 4-1/2 years on
sustained dollar demand from local companies.
    The won fell on increasing caution over possible
intervention by the foreign exchange authorities, although it
pared some of earlier losses on stock inflows and exporters'
demand.
    However, the Malaysian ringgit edged higher as
investors covered short positions after data showed July
industrial output growth at its fastest pace since May 2012.
 
    The Philippine peso ended local trade firmer on
short-covering.
    
  CURRENCIES VS U.S. DOLLAR   
  Change on the day at 0805 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen       100.28         100.38       +0.10
  Sing dlr        1.2699         1.2685       -0.11
  Taiwan dlr      29.798         29.760       -0.13
  Korean won     1086.02        1084.10       -0.18
  Baht             32.10          32.15       +0.16
  Peso             43.80          43.83       +0.07
  Rupiah        11480.00       11210.00       -2.35
  Rupee            63.36          63.84       +0.76
  Ringgit         3.2740         3.2770       +0.09
  Yuan            6.1189         6.1200       +0.02
 
  Change so far in 2013
  Currency    Latest bid  End prev year    Pct Move
  Japan yen       100.28          86.79      -13.45
  Sing dlr        1.2699         1.2219       -3.78
  Taiwan dlr      29.798         29.136       -2.22
  Korean won     1086.02        1070.60       -1.42
  Baht             32.10          30.61       -4.64
  Peso             43.80          41.05       -6.28
  Rupiah        11480.00        9630.00      -16.11
  Rupee            63.36          54.99      -13.21
  Ringgit         3.2740         3.0580       -6.60
  Yuan            6.1189         6.2303       +1.82
    

 (Reporting by Jongwoo Cheon; Editing by Kim Coghill)

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