Japan's Yen, Indian Rupee, Taiwan Dollar: Asia Currency Preview

By Aaron Pan

July 23 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: Chief Cabinet Secretary Nobutaka Machimura will speak to reporters at 11 a.m. and 4 p.m. in Tokyo as part of his regular press briefings.

Finance Minister Fukushiro Nukaga is scheduled to address a press conference at 5 p.m.

The yen was at 107.27 per dollar at 8:15 a.m. in Sydney.


Indian rupee: Prime Minister Manmohan Singh won a parliamentary vote on the survival of his government yesterday, extending the tenure of a government that has delivered record economic growth.

Singh won a majority of votes in the nation's first confidence motion in a decade, giving him the support needed to introduce changes including giving overseas companies a bigger role in the financial industry.

The rupee was at 42.74 per dollar.

Taiwan dollar: Export orders increased 12.75 percent in June from a year earlier, slower than the 14.5 percent growth in May, the median estimate of 14 economists in a Bloomberg News survey showed before a government report at 4 p.m. in Taipei.

The Taiwan dollar was at NT$30.381.

Singapore dollar: The annual pace of inflation quickened to 8 percent in June, from 7.5 percent in May, economists said before a government report today at 1 p.m. local time.

The Singapore dollar was at S$1.3509.

Malaysian ringgit: Inflation may have accelerated to 6.6 percent in June from a year earlier, the fastest pace since 1982, economists said before a government report at 5 p.m. in Kuala Lumpur.

The ringgit was at 3.2350.

To contact the reporter on this story: Aaron Pan in Hong Kong at apan8@bloomberg.net.