* Baht down about 0.4% * S.Korean won slips 0.6% * Philippine c.bank to keep rates unchanged - Reuters Poll * China retail sales, industrial output data awaited By John Biju Nov 14 (Reuters) - Most Asian currencies retreated while equities were largely mixed on Tuesday ahead of U.S. inflation data due later in the day, which is expected to provide insights into the Federal Reserve's interest rate trajectory ahead. The Thai baht slipped 0.4% while the South Korean won fell 0.6%. The Malaysian ringgit slid 0.2% while the Japanese yen was hovering near a one-year low against the greenback. Equities in the region were largely mixed, with shares in Malaysia and South Korea jumping 0.6% and 1.3%, respectively. Equities in Singapore slipped 0.4% Market participants are keenly eyeing U.S. inflation for October for any clues on the Federal Reserve's monetary policy stance going forward, given recent Fed officials' comments signalling uncertainty on whether the battle to contain inflation was over. "Headline CPI is likely to have decelerated further in YoY terms due to base effect and softer energy prices," said Frances Cheung, rates strategist at OCBC. "Impact on Asia depends on market interpretation of the inflation data and whether it would shift market pricing of the Fed funds rate." The U.S. dollar edged higher to 105.660 against a basket of currencies as of 0438 GMT. The Japanese yen was last trading at 151.66 per dollar, a day after it touched 151.92 - the lowest since October 21 last year. Investors will also be focusing on China's retail sales and industrial output data due on Wednesday to assess the recovery in Southeast Asia's largest trading partner. China's yuan ticked lower to 7.2934 per dollar, pressured by market expectations of a further widening of the yield differential in favour of the U.S. as investors bet on more monetary easing in the world's second-largest economy. In the Philippines, the focus is the Bangko Sentral ng Pilipinas' (BSP) monetary policy decision on Thursday, with the central bank indicating it was willing to take further action to contain consumer price expectations. The BSP is expected to keep its key interest rate unchanged at 6.50% on Thursday after an off-cycle 25 basis-point hike on Oct. 26, according to a Reuters poll of economists. Markets in India were closed for a public holiday. HIGHLIGHTS: ** Indonesian 10-year benchmark yields rise 4.4 basis points to 6.946% ** Indonesia c.bank sees stronger inflation in 2024 as food, energy prices rise ** Thailand records 23.2 million tourist arrivals so far in 2023 Asia stock indexes and currenc ies at 0448 GMT COUNTRY FX FX FX INDEX STOCKS STOCKS RIC DAILY YTD % DAILY % YTD % % Japan +0.02 -13.56 0.58 25.60 ChinaIndia - -0.74 - 7.39 Indones +0.00 -0.83 0.26 0.08 ia Malaysi -0.23 -6.72 0.55 -2.83 a Philipp -0.04 -0.71 -0.17 -7.01 ines S.Korea -0.58 -4.96 1.28 8.86 Singapo -0.17 -1.56 -0.36 -4.80 re Taiwan +0.00 -5.02 0.46 19.65 Thailan -0.44 -4.20 0.04 -16.84 d (Reporting by John Biju in Bengaluru)
Delayed 08:44:43 15/05/2024 am IST | 5-day change | 1st Jan Change | ||
0.6644 USD | +0.30% | +0.85% | -2.44% |
05:16am | News Highlights : Top Global Markets News of the Day - Tuesday at 11 PM ET | DJ |
04:51am | Rupee may see relief on dip in US yields ahead of inflation print | RE |
Stocks mentioned in the article
Price
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Change
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5d. change
|
Capi.
| ||
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2,736 PTS | +0.18% | -0.37% | - | ||
1,361 KRW | -0.12% | +0.34% | - | ||
997.6 KRW | -0.07% | +0.98% | - | ||
904.5 KRW | +0.16% | +1.14% | - | ||
733.1 USD | +0.75% | +3.40% | - | ||
16.31 KRW | -0.11% | +0.31% | - | ||
7.23 CNH | -0.14% | +0.06% | - | ||
7.226 CNY | -0.09% | +0.13% | - | ||
1.26 USD | +0.11% | +0.77% | - | ||
1.083 USD | +0.11% | +0.71% | - | ||
0.733 USD | +0.09% | +0.67% | - | ||
0.6644 USD | +0.30% | +0.85% | - | ||
0.6056 USD | +0.24% | +1.02% | - | ||
0.012 USD | +0.05% | 0.00% | - | ||
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