June 3, 2014 / 8:33 AM / 3 years ago

EM ASIA FX-Thai economic plan hopes lift baht; rupee falls on c.bank

(Updates rates. For midday report, double-click
 )
    SINGAPORE, June 3 (Reuters) - The Thai baht snapped a
five-session losing streak on Tuesday as the military government
listed urgent steps to be taken to boost an economy at risk of
entering recession, while most other emerging Asian currencies
eased. 
    The baht rose 0.6 percent to 32.69 per dollar as of
0810 GMT. Thai consumer confidence in May also improved, while
Moody's Investors Service on Monday affirmed the country's Baa1
credit rating with a stable outlook. 
 
    The Indian rupee eased as the central bank was
spotted intervening to check appreciation in the best-performing
Asian currency so far this year, traders said. 
    The rupee came off lows briefly after the Reserve Bank of
India left its key policy rate on hold, and eased rules to spur
bank lending. 
    The Indonesian rupiah hit its weakest in more than
three months, leading losses among emerging Asian currencies,
after the country on Monday reported a large trade deficit in
April.
    
    CURRENCIES VS U.S. DOLLAR
    Change on the day at 0810 GMT
  Currency    Latest bid   Previous day    Pct Move
  Japan yen       102.34         102.38       +0.03
  Sing dlr        1.2559         1.2569       +0.08
  Taiwan dlr      30.052         30.050       -0.01
  Korean won     1023.00        1024.10       +0.11
  Baht             32.69          32.89       +0.61
  Peso             43.81          43.80       -0.02
  Rupiah        11805.00       11760.00       -0.38
  Rupee            59.29          59.15       -0.22
  Ringgit         3.2280         3.2273       -0.02
  Yuan            6.2532         6.2473       -0.09
 
  Change so far in 2014
  Currency    Latest bid  End prev year    Pct Move
  Japan yen       102.34         105.28       +2.87
  Sing dlr        1.2559         1.2632       +0.58
  Taiwan dlr      30.052         29.950       -0.34
  Korean won     1023.00        1055.40       +3.17
  Baht             32.69          32.86       +0.52
  Peso             43.81          44.40       +1.34
  Rupiah        11805.00       12160.00       +3.01
  Rupee            59.29          61.80       +4.24
  Ringgit         3.2280         3.2755       +1.47
  Yuan            6.2532         6.0539       -3.19
 
 (Reporting by Jongwoo Cheon; Editing by Simon Cameron-Moore)

Our Standards:The Thomson Reuters Trust Principles.
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