Yen, Korean Won, Baht, Indian Rupee: Asia Currency Preview

By Bob Chen

Sept. 29 (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 Takeo Kawamura will hold briefings at 11 a.m. and 4 p.m. in Tokyo. Vice Finance Minister Kazuyuki Sugimoto is scheduled to give a press conference at 5 p.m.

The yen traded at 106.22 at 7:27 a.m. in Sydney.

South Korean won: The Bank of Korea will report the current-account balance tomorrow. South Korea posted a current- account deficit of $2.45 billion in July, the largest in six months, following a surplus of $1.82 billion in June.

The won was at 1,161.10.

Thai baht: The Bank of Thailand will report August figures tomorrow for exports, imports and the total trade and current- account balances. The trade balance showed a deficit of $762 million in July, after a surplus of $926 million the previous month.

The current-account deficit widened to $822 million in August from $555 million the previous month, economists forecast in a Bloomberg News survey.

The baht was at 33.98.

Indian rupee: The Reserve Bank of India in Mumbai will report the second-quarter current-account balance tomorrow. The deficit narrowed to $1.04 billion in the first quarter from $5.39 billion in the previous three months.

The rupee was at 46.55.

To contact the reporter on this story: Bob Chen in Hong Kong at bchen45@bloomberg.net.