Monday, September 8, 2008

Yen, Singapore's Dollar, Indian Rupee: Asia Currency Preview

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 Nobutaka Machimura will talk to reporters at 11 a.m. and 4 p.m. The Ministry of Finance's top bureaucrat Hiroki Tsuda will hold a news conference at 5 p.m.

The finance ministry will release at 8:50 a.m. its report on foreign and Japanese investment flows in overseas and domestic securities during the week ended April 12.

The yen traded at 101.56 at 3:53 p.m. in Singapore yesterday.

Singapore's dollar: Non-oil domestic exports edged up 0.4 percent in March from a year earlier, economists said in a Bloomberg News survey before a report at 1 p.m. Overseas sales climbed 7.3 percent in February.

The Singapore dollar was at S$1.3554.

Indian rupee: The wholesale price index rose 7.23 percent in the week ended April 5 after gaining 7.41 percent the previous week, economists said before a report at noon.

The rupee was at 39.9575.

Hong Kong dollar: The jobless rate was at 3.3 percent in March, unchanged from February's rate, economists said before a report at 4:15 p.m.

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