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Asian currencies up against dollar

AFP, Hong Kong
Key Asian currencies rose against the dollar in a week when the Chinese yuan broke through the 7.000 barrier for the first time.
JAPANESE YEN: The yen seesawed against the dollar this week as market players took a wait-and-see position ahead of a meeting of Group of Seven finance ministers and central bankers.
The Japanese unit stood at 101.80-82 at the end of daytime trading here on Friday, hours before the G7 meeting in Washington The rate compared with 102.30-33 yen to the dollar a week earlier.
The yen peaked at 100.73 to the dollar on Thursday before some positive US unemployment news allowed the greenback to regain ground.
"It is seen highly possible tliat unstable trading will continue on domestic financial markets over views on the US credit crunch problem," the leading Japanese business daily Nikkei said on its Internet edition on Friday.
CHINESE YUAN: The yuan closed at 7.0034 to the dollar Friday, a day after breaking the psychological 7.000 barrier for the first time since Beijing scrapped its peg to the greenback in 2005.
On the over-the-counter market, the yuan ended at 7.0065 to the dollar against 6.9916 in the previous day.
The central bank had set the yuan central parity rate at 7.0012 to the dollar Friday, compared with 6.9920 on Thursday. The People's Bank of China allows a trading band of 0.5 percent on either side of the midpoint.
11ONG KONG DOLLAR: The US-pegged Hong Kong unit was trading at 7.788 to the dollar, unchanged from a week earlier.
INDONESIAN RUPIAH: The rupiah ended the week’s trading at 9,178/9,188 to the dollar compared to 9,217/9,222 to (lie dollar a week earlier.
PHILIPPINES PESO: The Philippines peso rose to 41.595 to tite dollar on Friday from 41.755 a week earlier.
SINGAPORE DOLLAR: The
Singapore dollar was trading at 1.3578 to the US currency, frorh from 1.3844 the previous week.
SOU 111 KOREAN WON: The won depreciated to 975.7 to the dollar Friday, compared with 973.80 won a week earlier.
South Korean officials have said the government would take pre-emptive measures to stabilise the won, which showed a gradual depreciation throughout the week.
It was expected to remain under pressure next week as foreigners repatriate dividends, but dealers ruled out a sharp fluctuation.
TAIWAN DOLLAR: The Taiwan dollar rose 0.36 percent during the week to close at 30.319 against the US dollar, from 30.430 a week earlier.
THAI BAI IT: The Thai baht rose slightly against the dollar during a week of thin trading, as the Bank of Thailand decided to maintain its benchmark interest rate at 3.25 percent on Wednesday.
The Thai baht closed Friday at 31.58-60 baht to the dollar compared the previous week's closeat31.66-68.