Japan's Yen, Chinese Yuan, Ringgit, Won: Asia Currency Preview

By Anoop Agrawal

Aug. 4 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: Vice Finance Minister Kazuyuki Sugimoto is scheduled to speak to reporters at 5 p.m. in Tokyo.

The yen was at 107.61 a dollar at 7:06 a.m. in Tokyo.

Malaysian ringgit: The trade surplus in June decreased to 13.7 billion ringgit from 15.6 billion ringgit in May, economists said in a Bloomberg News survey before a government report at 12:01 p.m. in Kuala Lumpur.

The ringgit was at 3.2635.

South Korean won: Crude oil imports dropped for a sixth month as high energy prices curbed demand and threatened to slow growth. Oil imports dropped to 69.6 million barrels in July from 72.8 million barrels a year ago, the government said on Aug. 1.

The won was at 1,014.60.

Indonesian rupiah: Exports in June rose 35 percent to $12.9 billion from a year ago, the government said Aug. 1. Inflation accelerated to 11.9 percent in July from a year earlier, the fastest in 22 months, another report showed the same day.

The rupiah was at 9,096.

Taiwan dollar: Consumer prices rose 5.6 percent in July from a year earlier, compared with a 4.97 percent gain the previous month, economists said in a Bloomberg survey. The government will report the data tomorrow.

The Taiwan dollar was at NT$30.645.

Thai baht: Foreign-exchange reserves fell 1.2 percent to $105.1 billion in the week ended July 25, from $106.4 billion a week earlier, the central bank said on Aug. 1.

The baht traded at 33.53.

To contact the reporter on this story: Anoop Agrawal in Mumbai at aagrawal8@bloomberg.net.