Southeast Asian Currencies Varied Against Dollar And Euro, Tuesday, May 01, 2007 9:50:29 AM

The Southeast Asian currencies were varied against the dollar and euro in trading on Tuesday morning. The currencies moved as little economic news was reported from their respective countries.

The Indonesian rupiah was choppy against the dollar in action on Tuesday. The currency moved between a high of 9075.0488 and a low of 9083.1103. Overall, the rupiah has started to reverse a weekly low.

The Thai baht saw little movement against the dollar on Tuesday as it hovered near a mark of 32.510. The baht has not moved out of the trading range that has held for the past two months. Against the euro, the Thai currency fell to 44.4310. On the whole, the baht is at a two month low.

The Singapore dollar reversed earlier losses against the dollar on Tuesday and edged up to 1.5188. In general, the Singapore currency has started to bounce up off a monthly low. In trading versus the euro, the Singapore dollar faltered and fell to 2.0758 by the mid-morning. On the whole, the currency is at a multi-year low.

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