Yen, South Korean Won, Malaysian Ringgit: Asia Currency Preview

By Aaron Pan

July 9 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: The Cabinet office will release machinery orders data for May at 8:50 a.m.

Chief Cabinet Secretary Nobutaka Machimura will meet reporters at 11 a.m. and 4 p.m.

The yen was at 106.84 a dollar as of 7 a.m. in New York.

South Korean won: Bank of Korea policy makers will meet tomorrow to decide on interest rates. The central bank will leave borrowing costs unchanged at 5 percent, according to 19 of the 21 economists surveyed by Bloomberg News. Two predict an increase to 5.25 percent.

The won closed at 1,032.70.

Malaysian ringgit: Industrial production expanded 3.5 percent in May from a year earlier, economists said in a survey before a statistics department report on July 11. Factory output rose 4.3 percent in April.

The ringgit was at 3.2605.

Philippine peso: Annualized exports growth in May slowed to 4.5 percent from 4.9 percent in April, economists said before a government report tomorrow.

The peso was at 45.875.

Singapore dollar: The government will report advance estimates of Singapore's second-quarter gross domestic product tomorrow. The economy may have expanded 3.2 percent in the second quarter from a year earlier, slowing from 7.2 percent growth in the previous three months, analysts said.

The Singapore dollar was at S$1.3632.

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