Asian currencies mixed
Asian currencies ended the week mixed against the dollar, with investors selling both the yen and the US unit in favour of higher-yielding currencies, such as the Australian dollar.
JAPANESE YEN: The yen fell back against the dollar in the past week as both units were sold for higher-yielding currencies seen as likely to benefit from a recovery in the global economy.
The yen stood at 90.87 to the dollar in New York late Friday, down from 89.77 to the dollar a week earlier.
NEW ZEALAND DOLLAR: The New Zealand dollar finished local trading Friday at 74.62 US cents, up from 73.94 the previous week.
CHINESE YUAN: The yuan closed at 6.8268 to the dollar Friday on the over the counter market, compared with a closing price of 6.8256 the week before.
The central bank set the yuan central parity rate at 6.8270 to the dollar Friday.
HONG KONG DOLLAR: The US-pegged Hong Kong unit ended the week at 7.750 from 7.751 the previous week.
INDONESIAN RUPIAH: The rupiah ended at 9,400 to the dollar from 9,450 the week before.
PHILIPPINE PESO: The Philippines peso fell to 46.66 to the dollar on Friday afternoon from 46.46 to the dollar on October 9.
SINGAPORE DOLLAR: The Singapore dollar was at 1.3920 to the US dollar Friday from 1.3926 the week before.
SOUTH KOREAN WON: After four straight days of gains, the won closed lower Friday, ending at 1,164.50 won to the dollar, the same level as it was a week earlier.
TAIPEI: The Taiwan closed at 32.300 to the US dollar on Friday compared with 32.240 a week earlier.
THAI BAHT: The Thai baht weakened against the dollar over the past week reflecting falls on the stock market on rumours of the hospitalised king's deteriorating health, dealers said.
The Thai unit closed Friday at 33.44-45 baht to the dollar compared to last week's close of 33.31-33.