EM ASIA FX-Most Asian currencies rise as dollar slips; trade signals mixed

By Shreya Mariam Job

* Chinese yuan strengthens most * Sino-U.S. ministerial-level trade talks awaited * South Korea, Japan to hold talks on Friday (Adds text, updates prices) By Shreya Mariam Job Oct 10 (Reuters) - Most Asian currencies firmed on Thursday, as a volatile dollar weakened broadly on mixed signals over the state of trade talks between Washington and Beijing. Dampened sentiment following suggestions that the Chinese delegation might cut the ministerial-level talks short and leave Washington on Thursday were offset by a Bloomberg report that the United States is weighing a currency pact with China as part of a partial deal. Traders also took note of a New York Times report that Washington will issue licenses allowing some U.S. companies to supply non-sensitive goods to China's Huawei, as the dollar eased against a basket of major currencies. "News of Huawei and the currency pact released together with the strong (yuan) fix, underscores the fact that PBoC (People's Bank Of China) is (ready) ...to give a strong guidance for the CNY as a potential pact with the U.S. could be at hand," a Maybank note said. U.S. Federal Reserve meeting minutes released on Wednesday were largely in line with expectations and had little market impact. The yuan strengthened 0.3% and the Singapore dollar firmed 0.2%. The Philippine peso firmed marginally. Data showed that August exports rose 0.6%, while imports slumped 11.8%, narrowing the country's August deficit. Taiwan financial markets were closed for a holiday. WON SLIPS The Korean won bucked the trend to slip 0.3% ahead of talks with Japan on Friday over tighter export controls from Tokyo. The talks are part of a dispute settlement process through the World Trade Organisation. The won is the worst performer among Asian currencies this year. The prolonged Sino-U.S. trade conflict and the dispute with Japan has dealt a huge blow to South Korea's trade-reliant economy. In September, exports slumped 11.7%, shrinking for the 10th consecutive month. CURRENCIES VS DOLLAR Change on the day at 0630 GMT Currency Latest bid Previous day Pct Move Japan yen 107.530 107.46 -0.07 Sing dlr 1.378 1.3805 +0.16 Korean won 1196.200 1193.1 -0.26 Baht 30.340 30.32 -0.07 Peso 51.660 51.75 +0.17 Rupiah 14145.000 14165 +0.14 Rupee 71.070 71.07 +0.00 Ringgit 4.191 4.1955 +0.11 Yuan 7.113 7.1315 +0.26 Change so far in 2019 Currency Latest bid End 2018 Pct Move Japan yen 107.530 109.56 +1.89 Sing dlr 1.378 1.3627 -1.13 Taiwan dlr 30.850 30.733 -0.38 Korean won 1196.200 1115.70 -6.73 Baht 30.340 32.55 +7.28 Peso 51.660 52.47 +1.57 Rupiah 14145.000 14375 +1.63 Rupee 71.070 69.77 -1.83 Ringgit 4.191 4.1300 -1.46 Yuan 7.113 6.8730 -3.37 (Reporting by Shreya Mariam Job in Bengaluru; editing by John Stonestreet)