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EM ASIA FX-Asian currencies, firmly committed to easing Korean tensions, are taking US yields



   (adds text, updates prices)
From Patturaja Murugabopathie
April 30 (Reuters) - Asian currencies rose against the
Dollar on Monday, as tensions on the Korean peninsula eased and a
The decline in US Treasury yields increased the attractiveness of risky
Financial assets.
The US 10-year Treasury yield that has been raised
the dollar in the last two weeks due to the violation of
psychologically important level of 3 percent, hovering nearby
a one-week low on Friday.
"Three percent could be a sticky level for the ten years in the US
Treasury yield as demand for the more profitable 10 year old
Treasuries could continue to make gains in
The dollar is also playing, "said Saktiandi Supaat, head of FX
Research at Maybank in Singapore in a report.
Traders said that liquidity was low on Monday with Japan, China
and India on vacation and much of Asia is closed on Tuesday.
The South Korean won increased by 1
percent Alleviation of political tensions on the Korean peninsula, according to one historic summit between the leaders of North Korea and South Korea. The Philippine peso rose to optimism about the appreciation of S & P The outlook for the Philippine state rating is positive, while the Thai baht also increased by more than a quarter. The peso should record its first monthly profit in four months Months. The Malaysian ringgit had sunk marginally Investors have reduced their positions in local markets Election risks. "While the Barisan Nasional (BN) alliance is expected Maintaining its majority in parliament, the results of the state Elections are also important because when more states are won the opposition would be negative for the ringgit, "Bank of Tokyo-Mitsubishi UFJ said in a report. Events and data scheduled for this week include U.S. Patents Federal Reserve from 1 to 2 May, at the central Bank is expected to keep rates unchanged since and US labor market data due on Friday. "Some restrained rhetoric from the Fed or slowing down in Pace of core expenditure on consumption (PCE) and / or of Growth can help slow and dampen UST returns against the dollar strength, "said Maybank's Supaat. A delegation of top US economic and trade advisors is due in China for negotiations. Some analysts are optimistic that The talks would ease concerns about a trade war. "Positive headlines would reduce the risk of real trading War, in our view, and could raise expectations for yuan Appreciation, "said Nomura in a report. Most Asian currencies should start the month lower against the dollar thanks to a rise in US Treasury yields. The Japanese yen fell 2.6 percent, the largest fall in 17 months, while the Indian rupee also fell over 2 Percent. The following table shows the prices for Asian currencies against the dollar at 0555 GMT. CURRENCIES AGAINST US DOLLARS Change from 0555 mean Greenwich time Currency Latest Previous Pct Move day of bid Japan Yen 109,130 ​​109.03 -0.09 Sing dlr 1.323 1.3235 +0.06 Taiwan dlr 29,550 29,636 +0.29 Korean won 1067.30 1076.6 +0.87 0 Baht 31.510 31.59 +0.25 Peso 51,670 51,965 +0.57 Rupiah 13880.0 13885 +0.04 00 Ringgit 3.918 3.917-0.03 * Yuan and Rupee Markets closed for vacation Change so far in 2018 Currency Latest End 2017 Pct Move bid Japan Yen 109,130 ​​112.67 +3.24 Sing dlr 1.323 1.3373 +1.10 Taiwan dlr 29,550 29,848 +1.01 Korean won 1067.30 1070.50 +0.30 0 Baht 31.510 32.58 +3.40 Peso 51,670 49.93 -3.37 Rupiah 13880.0 13565 -2.27 00 Rupee 66,660 63.87 -4.19 Ringgit 3.918 4.0440 + 3.22 Yuan 6,331 6.5069 +2.78 (Reporting by Patturaja Murugaboopathie in Bengaluru; Reporting by Gaurav Dogra Editing by Eric Meijer)

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