Economic Calendar

Monday, October 27, 2008

Yen, Hong Kong Dollar, South Korean Won: Asia Currency Preview

Share this history on :

By Bob Chen

Oct. 27 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Exchange rates are from the previous session.

Japanese yen: The Trade Ministry may report no growth in retail sales last month compared with a year earlier, economists said in a Bloomberg survey, after gaining 0.7 percent in August.

The yen was at 92.37 a dollar at 8:41 a.m. in Sydney.

Hong Kong dollar: Exports grew 2.1 percent in September from a year earlier, economists said in a Bloomberg survey before the government reports the data at 4:30 p.m. local time. Shipments rose 1.9 percent in August from a year earlier.

The Hong Kong dollar was at HK$7.7535.

South Korean won: The central bank's monetary policy board will convene at 8 a.m. today in an unscheduled meeting after data last week showed the economy expanded at the slowest pace in four years in the quarter ended Sept. 30.

The won was at 1,424.

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




No comments: