What helped Rupiah up, won at 15-mth high despite intervention?”
* Won firms on exporters, intervention seen * Rupiah turns higher on fund inflows, yuan report * Yuan steady as Chinese economist urges revaluation By Kevin Yao SINGAPORE, Jan 6 (Reuters) – The South Korean won hit a new 15-month high on Wednesday, prompting authorities to intervene, while and Indonesian rupiah edged up due to fund flows into stock and debt markets. A report quoted a Chinese government economist calling for a 10 percent yuan revaluation helped most Asian currencies. The Taiwan dollar TWD=TP was nearly flat after reaching a 16-month closing high on Tuesday, as investors stayed sidelined following a warning on excessive foreign fund inflows by the central bank. [ID:nTOE60500V] The U.S. dollar edged up against and choppy trade, recovering from the previous day’s sharp fall when traders locked in gains on the greenback’s rally over the past month ahead of U.S. jobs data later this week. [ID:nTOE60502M] WON The won KRW= opened at 1,139.2 per dollar, but later hit 1,133.77 a
The South Korean won hit a new 15-month high on Wednesday, prompting authorities to intervene, while and Indonesian rupiah edged up due to fund flows into stock and debt markets. A report quoted a Chinese government economist calling for a 10 percent yuan revaluation helped most Asian currencies. The Taiwan dollar TWD=TP was nearly flat after reaching a 16-month closing high on Tuesday, as investors stayed sidelined following a warning on excessive foreign fund inflows by the central bank. [ID:nTOE60500V] The U.S. dollar edged up against and choppy trade, recovering from the previous day’s sharp fall when traders locked in gains on the greenback’s rally over the past month ahead of U.S. jobs data later this week. [ID:nTOE60502M] WON: The won KRW= opened at 1,139.2 per dollar, but later hit 1,133.77 as exporters bought the currency for settlements and foreign investors continued to buy stocks. Market players also cleared long dollar positions built up in recent days as the authorities i
