Yen, Singapore's Dollar, Philippine Peso: Asia Currency Preview

By Bob Chen

Oct. 16 (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 address the press at 5 p.m.

The yen was at 100.91 a dollar at 8:30 a.m. in New York.


Singapore dollar: Non-oil domestic exports fell 9.7 percent in September from a year earlier, economists forecast in a Bloomberg News survey before the government reports the data at 1 p.m. tomorrow. Overseas shipments slid 13.8 percent in August, the biggest drop in 20 months.

The Singapore dollar was at S$1.4696.

Philippine peso: The central bank will report today the nation's balance of payments data for September. The Southeast Asian country reported a deficit of $54 million in August.

The peso was at 47.61.

Chinese yuan: The People's Bank of China may report wholesale prices for September as early as today. Wholesale prices rose 8.2 percent in August from a year earlier, slowing from a 9.4 percent gain the previous month.

The yuan was at 6.832.

Indian rupee: The government doubled the overseas investment limit in corporate bonds to $6 billion. Wholesale prices rose 11.86 percent in the week ended Oct. 4 from a year earlier, economists forecast in a Bloomberg survey before the government reports the data at 6 p.m. local time. Prices gained 11.80 percent the previous week.

The rupee was at 48.50.

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