Asian currencies strong against dollar after Bush re election
AFP, Hong Kong
Asian currencies were mostly up against the dollar during the week as markets returned to focus on the US trade and budget deficits after the re-election of George W. Bush. Japanese yen: The Japanese currency stood at 106.09-11 to the dollar at 5:00 pm (0800 GMT) Friday, still down from 105.85-88 to the dollar a week earlier. It crawled back from the week's low of 106.77 to the dollar on Tuesday. Australian dollar: The Aussie ended the week at 75.72 US cents, up more than a cent on the previous week's 74.67 US cents. New Zealand dollar: The New Zealand dollar closed the week Friday worth 69.09 US cents, up from the 68.15 cents a week earlier. Singapore dollar: The US dollar was at 1.6546 Singapore dollars on Friday from 1.6635 the previous week. Hong Kong dollar: Hong Kong's US-pegged dollar was at 7.7745 Friday from 7.7834 a week earlier. Indonesian rupiah: The rupiah ended the week slightly higher at 9,065-9,070 to the dollar compared to 9,090-9,095 the previous week. Philippine peso: The peso weakened to 56.375 to the dollar on Friday afternoon from 56.325 to the dollar on October 29. South Korean won: The dollar lost ground to the won, with the dollar-won exchange rate sliding to 1,110.60 won to the greenback, down from 1,119.60 won per dollar a week earlier, reflecting the global weakness of the US currency and the continuing South Korea's trade surplus. Thai baht: The baht closed Friday at 40.92-95 baht to the dollar compared to the previous week's close of 41.05-07.
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