EM ASIA FX-Ringgit, won top Asia FX gains

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05-08-2013 16:36:29
EM ASIA FX-Ringgit, won top Asia FX gains on short-covering after US job data

(Updates prices. For midday report, double-click
[ID:nL4N0G60BI])
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. [ID:nL1N0G31W3]

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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