Economic Calendar

Thursday, November 13, 2008

Japan's Yen, Chinese Yuan, Thai Baht: Asia Currency Preview

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By Bob Chen

Nov. 13 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Exchange rates are from the previous session.

Japanese yen: The Finance Ministry releases weekly portfolio flows data at 8:50 a.m. in Tokyo.

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 was at 94.90 a dollar at 8:32 a.m. in Sydney.

Chinese yuan: Industrial output grew 11.1 percent in October from a year earlier, the slowest pace since February 2005, economists said in a Bloomberg survey before the government reports the data today at 10 a.m. local time.

The yuan was at 6.8295.

Thai baht: The University of the Thai Chamber of Commerce will report consumer confidence for October at 11 a.m. in Bangkok. The index fell to 69.5 in September, a 10-month low.

The baht was at 34.96.

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




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