Yuan, South Korean Won, Indonesia Rupiah: Asia Currency Preview

By Bob Chen

Oct. 14 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Exchange rates are from the previous session.

Japanese yen: Finance Minister Shoichi Nakagawa, Economic and Fiscal Policy Minister Kaoru Yosano and Chief Cabinet Secretary Takeo Kawamura will hold briefings after a cabinet meeting this morning in Tokyo. Kawamura will hold a second briefing at 4 p.m.

The yen traded at 101.96 at 7:48 a.m. in Sydney.


Chinese yuan: The People's Bank of China may report foreign-exchange reserves for September as early as today. Reserves grew 35.7 percent from a year earlier to a record of $1.81 trillion at the end of June.

The yuan was at 6.8258.

Indonesian rupiah: Bank Indonesia may report growth in wholesale prices for August as early as today. Prices rose 35 percent from a year earlier in July, the fastest pace in more than two years.

The rupiah was at 9,701.

Singapore dollar: The Statistics Department will report August retail sales tomorrow. Sales rose 4.3 percent from a year earlier, economists forecast in a Bloomberg News survey. That compares to 11.8 percent growth for the previous month, the fastest in more than a year, as consumers increased purchases of vehicles and spent more at gasoline stations and department stores.

The Singapore dollar was at 1.4618.

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