* Chinese yuan slips, producer prices fall most in over 3
years
* Malaysian ringgit eases, factory output growth below
forecast
* Indonesian cenbank says policy instruments set to support
growth
(Adds text, updates prices)
By Niyati Shetty
Nov 11 (Reuters) - Most Asian currencies softened on Monday,
with the South Korean won leading regional declines, as mixed
signals about the U.S.-China tariff rollback dampened risk
sentiment.
The won KRW=KFTC , the worst performing currency in the
region this year, weakened as much as 0.4% against the dollar
during the session.
South Korea's economy is highly sensitive to developments in
the protracted trade war between the United States and China,
given its reliance on tech exports.
U.S. President Donald Trump said on Friday that he has not
agreed to rolling backs the U.S. tariffs sought by China,
contradicting earlier reports of officials confirming the
rollbacks. Adding to the uncertainties, Trump over the weekend said
talks with China were moving along "very nicely", but the United
States would only make a deal if it was the right deal for
America.
"We remain stuck to parsing the Sino-U.S. trade headlines
for short-term directional cues," OCBC said in a note, adding
that "the bar for positive surprises on the Sino-U.S. trade
front may be getting higher and higher."
China's yuan CNY=CFXS was marginally weaker as factory
gate prices in the country fell the most in more than three
years in October, signalling continued weakness in the
manufacturing sector amid falling demand. While weak producer price inflation could reinforce the case
for further policy stimulus by China's central bank,
accelerating consumer inflation could reduce expectations of
aggressive easing. CNY/
The Malaysian ringgit MYR= slipped 0.2% as government data
showed industrial production in the country grew at a
slower-than-expected pace.
Meanwhile, the Indonesian rupiah IDR= weakened marginally
to 14,040 per dollar.
Bank Indonesia, earlier in the day, said all the central
bank's policy instruments were set to support economic growth by
maintaining price inflation and foreign exchange stability.
The central bank sees the currency trading at an average of
14,000 to 14,400 per dollar this year and around 13,900 to
14,300 in 2020.
The Philippine peso PHP= , the Singapore dollar SGD= and
the Indian rupee INR=IN faltered slightly.
The rupee on Friday eased 0.5% after Moody's cut its outlook
on the country citing increasing risks that growth in Asia's
third-largest economy will remain lower than in the
past. following table shows rates for Asian currencies against
the dollar at 0559 GMT.
CURRENCIES VS U.S. DOLLAR
Currency Latest bid Previous day Pct Move
Japan yen 109.010 109.27 +0.24
Sing dlr 1.361 1.3589 -0.14
Taiwan dlr 30.415 30.412 -0.01
Korean won 1161.000 1157.5 -0.30
Baht 30.330 30.37 +0.13
Peso 50.650 50.56 -0.18
Rupiah 14040.000 14010 -0.21
Rupee 71.358 71.29 -0.09
Ringgit 4.140 4.131 -0.22
Yuan 7.000 6.9954 -0.06
Change so far in 2019
Currency Latest bid End 2018 Pct Move
Japan yen 109.010 109.56 +0.50
Sing dlr 1.361 1.3627 +0.14
Taiwan dlr 30.415 30.733 +1.05
Korean won 1161.000 1115.70 -3.90
Baht 30.330 32.55 +7.32
Peso 50.650 52.47 +3.59
Rupiah 14040.000 14375 +2.39
Rupee 71.358 69.77 -2.22
Ringgit 4.140 4.1300 -0.24
Yuan 7.000 6.8730 -1.81