Economic Calendar

Friday, April 10, 2009

Japan’s Yen, Chinese Yuan, Thailand Baht: Asia Currency Preview

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By Carmen Ng

April 10 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Exchange rates are from the previous session.

Financial markets in Hong Kong, India, Indonesia, the Philippines and Singapore are closed for a public holiday.

Japan’s yen: Chief Cabinet Secretary Takeo Kawamura and Finance, Economic and Fiscal Policy Minister Kaoru Yosano will hold media briefings after a cabinet meeting in the morning. Kawamura will address reporters again at 4 p.m. in Tokyo.

The Bank of Japan will publish minutes of its March 17-18 meeting at 8:50 a.m. in Tokyo. It will also release at the same time March bank lending data.

The yen was at 100.19 a dollar at 7:52 a.m. in New York.

China’s yuan: A government report as early as today may show the trade surplus swelled to $12.1 billion in March from $4.8 billion the previous month, according to a Bloomberg News survey. Exports probably dropped 20 percent and imports fell 22 percent last month, the survey showed.

The yuan was at 6.8347.

Thai baht: The Bank of Thailand will today report foreign- exchange reserves holdings and forward contracts as of April 13.

The baht was at 35.43.

To contact the reporter on this story: Carmen Ng in Hong Kong at cng98@bloomberg.net




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