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 will report October current-account balance 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 address the press at 5 p.m.
The yen was at 92.88 a dollar at 8:34 a.m. in Sydney.
South Korean won: The Bank of Korea will report wholesale prices for November at noon. Prices paid to producers climbed 10.7 percent from a year earlier in October, the slowest pace in four months.
The won was at 1,475.50.
Taiwan dollar: Exports dropped 12.4 percent in November from a year earlier, the most since February 2002, according to a Bloomberg News survey of economists before a government report at 4 p.m. local time. Shipments fell 8.3 percent in October.
The Taiwan dollar was at NT$33.549.
Indian rupee: The central bank cut the repurchase and reverse-repurchase rates by 1 percentage point each on Dec. 6 after last month’s terror attacks in Mumbai shook investor confidence in an economy already weakened by the global slump. The government yesterday unveiled a 3 trillion rupee ($60 billion) spending plan to bolster the economy.
The rupee was at 49.60.
Hong Kong dollar: The Hong Kong Monetary Authority will report foreign-exchange reserves for November at 5 p.m. local time. Reserves fell to $154.9 billion in October from $160.6 billion the previous month.
The Hong Kong dollar was at HK$7.7508.
Source : Bloomberg.com