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

By Bob Chen

Oct. 1 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Markets in China, Hong Kong, Indonesia, Malaysia, Pakistan and Singapore are closed today. Exchange rates are from the previous session.

Japanese yen: The Bank of Japan releases its quarterly Tankan business sentiment survey at 8:50 a.m. in Tokyo.

Chief Cabinet Secretary Takeo Kawamura will hold briefings at 11 a.m. and 4 p.m. Finance Minister Shoichi Nakagawa is scheduled to hold a press conference at 5 p.m.

The yen traded at 106.05 per dollar at 7:40 a.m. in Sydney.

South Korean won: The Ministry of Knowledge Economy will report the nation's exports and imports in September at 10 a.m. in Gwacheon. Overseas shipments grew 27 percent in September from a year earlier, quickening from an 18.7 percent pace in August, economists forecast in a Bloomberg News survey.

Consumer prices grew 5.3 percent in September from a year earlier, after increasing 5.6 percent the previous month, a separate survey showed before the statistics office reports inflation at 1:30 p.m. in Gwacheon.

The won traded at 1,206.95.

Thai baht: The Commerce Ministry will report inflation in September at 2:30 p.m. in Bangkok. Consumer prices rose 5.9 percent from a year earlier, slowing from 6.4 percent the previous month, economists forecast in a Bloomberg News survey.

The baht traded at 33.86.

Indian rupee: The government will report August trade figures today. Overseas shipments, which account for about 15 percent of the economy, rose 31 percent in July from a year earlier, after gaining 24 percent in June. Import growth accelerated to 48 percent from 26 percent and the trade deficit swelled to a record $10.8 billion.

The rupee traded at 46.985.

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