The South Korean won climbed from a 2-week low against the US dollar and advanced against the yen during Tuesday's early trading.
The South Korean won that fell to a 2-week low of 1423.15 against the US dollar by about 8:05 pm ET Monday, started climbing after that. The won rose to 1382.60 against the dollar by about 11:45 pm ET, compared to 1392.20 hit late Monday in New York. If the South Korean currency climbs further, 1306.6 is seen as the next likely target level.
From US, the S&P/Case-Shiller home price index, is scheduled to be released at 9 am ET. Economists expect an 18.5% year-over-year decline in the 20-city composite house price index for January.
The results of the National Association of Purchasing Management-Chicago's business survey for March are scheduled to be released at 9:45 am ET. Economists expect the business barometer index based on the survey, to be at 34.7.
At 10:00 am ET, the Conference Board is scheduled to release its consumer confidence report for March. The survey is expected to show that the consumer confidence index remained rise to 27 in March.
Philadelphia Federal Reserve Bank President Charles Plosser is scheduled to deliver a speech on regulatory reform to the University of Chicago Booth School of Business at 1 pm ET.
The South Korean won advanced against the Japanese yen during Tuesday's early trading as Japan's unemployment rate jumped to a 3-year high in February. At 11:35 pm ET, the won reached a high of 14.1725 against the yen, compared to Monday's closing value of 14.3005. On the upside, 13.7 is seen as the next target level for the South Korean currency.
Japan's seasonally adjusted unemployment rate came in at 4.4 percent in February, the Ministry of Health, Labor and Welfare said today. That was slightly higher that forecasts for a 4.3 percent increase after the 4.1 percent gain in January.
Yesterday a report said that South Korea's current account balance in February shifted to a surplus of 3.68 billion dollars, following the 1.64 billion dollars deficit in January.
For comments and feedback: contact firstname.lastname@example.org