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EM ASIA FX Ringgit, won top Asia FX gains on short-covering after US job data
by Cals Mon 05 Aug 2013, 17:56
EM ASIA FX Ringgit, won top Asia FX gains on short-covering after US job data
Business & Markets 2013
Written by Reuters
Monday, 05 August 2013 17:12
SINGAPORE (Aug 5): 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.
* Financial markets in Indonesia are closed this week for holidays.
Business & Markets 2013
Written by Reuters
Monday, 05 August 2013 17:12
SINGAPORE (Aug 5): 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 |
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