Halister News

(Bloomberg) -- Malaysia’s ringgit and Indonesia’s rupiah lead most Asian currencies lower as the Dollar Index advances; sovereign bonds rise in Australia, while interest-rate swaps climb in Singapore.

• Singapore dollar weakens for fourth day; city-state’s non- oil domestic exports decreased 9.9% in January from year earlier, more than median estimate for 7.6% decline; shipments to China slid 25.2%, most since Jan. 2009
• Yen steady versus dollar; Japan’s core machine orders gained 4.2% in December from month earlier, missing forecast for 4.4% increase; falling interest rates mean financial institutions can sell government bonds to Bank of Japan at higher prices, former Deputy Governor Kazumasa Iwata tells Yomiuri
• Won drops; South Korea’s jobless rate comes in at 3.5% for January, more than estimated 3.4%
• China weakens yuan’s daily fixing by most since Jan. 7; yuan depreciation expectations will likely cause cross-border outflows to accelerate, Shanghai Securities News reports; nation’s trade is under “big downward” pressure, Xinhua reports, citing Vice Premier Wang Yang
• U.S. Treasuries rise, with yield on 10-year bonds falling 2 bps to 1.759% in Asian trading; data today may show industrial production in the world’s largest economy rose 0.4% in January after declining 0.4% in December: Bloomberg survey
• Taiwan dollar gains; island’s economy probably contracted 0.3% in the fourth quarter versus preliminary reading that showed it shrank -0.28%, according to Bloomberg survey before data today

CURRENCY TECHNICALS:

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