Taiwan Dollar, Philippine Peso, Ringgit: Asia Currency Preview

By Aaron Pan

July 24 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: Atsushi Mizuno, a Bank of Japan board member, will address business executives in Aomori, northern Japan, at 10 a.m. He is also scheduled to speak to reporters at 1:30 p.m.

The Finance Ministry will release Japan's trade balance for June and weekly portfolio flows at 8:50 a.m.

Chief Cabinet Secretary Nobutaka Machimura will hold briefings at 11 a.m. and 4 p.m. in Tokyo. Vice Finance Minister Kazuyuki Sugimoto will speak to reporters at 5 p.m.

The yen was at 107.82 a dollar at 8:47 a.m. in New York.

Taiwan dollar: Export orders, an indicator of shipments over the next one to three months, rose 9.3 percent from a year earlier, less than May's 14.5 percent gain, the government said yesterday. The median forecast in a Bloomberg News survey of 14 economists was for a 12.75 percent growth.

The central bank is scheduled to release June money supply data tomorrow.

The Taiwan dollar was at NT$30.394.

Singapore dollar: Industrial output may have expanded 1 percent in June from a year earlier, following a 12.8 percent contraction in May, economists said before the government releases the data tomorrow at 1 p.m. local time.

Inflation in June held at a 26-year high of 7.5 percent, a government report showed yesterday.

The Singapore dollar was at S$1.3635.

Malaysian ringgit: The central bank may raise the benchmark interest rate by at least a quarter-percentage point to 3.75 percent tomorrow, 12 of the 20 economists in a survey said.

The ringgit was at 3.2390.

Philippine peso: Trade balance for the month of May is due tomorrow. Imports rose 11.8 percent from a year earlier to $4.86 billion in April.

The peso traded at 44.02.

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