* Indonesia c.bank seen sole dollar provider - traders
* Thai Oct manufacturing output down more than expected
* Philippine Q3 growth misses forecast
(Adds text, updates prices)
By Jongwoo Cheon
SINGAPORE, Nov 28 (Reuters) - The Indonesian rupiah touched
the 12,000 per dollar psychological support level on Thursday
for the first time in almost five years, while the Thai baht and
Philippine peso eased on disappointing economic data.
Month- and year-end dollar demand from Indonesian companies
hit the rupiah, while there were few dollar providers
except the central bank, traders said.
The Thai baht slid to its weakest in more than 11
weeks as a worse-than-expected drop in October manufacturing
output added to concerns that political tensions will soon begin
to weigh on Southeast Asia's second largest economy.
The peso extended losses after the Philippines'
economic growth in the third quarter missed forecasts.
Most emerging Asian currencies eased as strong U.S. data
such as weekly jobless claims supported expectations that the
Federal Reserve may start scaling back its stimulus soon.
"There will be more pressure on Asian currencies, given the
bleak economic outlook with the Fed tapering expected next
year," said Yuna Park, a currency and bond analyst at Dongbu
Securities in Seoul.
Regional currencies, especially the rupiah, were seen
vulnerable to capital outflows once the Fed finally starts
reducing its bond-buying programme that has fuelled dollar
inflows to emerging markets.
The rupiah earlier traded at 12,000 per dollar for the first
time since March 2009, a Jakarta-based trader said.
The official Jakarta Interbank Spot Dollar Rate (JISDOR)
, which the central bank introduced in May as part of a
bid to manage exchange rate fluctuations, was fixed at 11,930
rupiah per dollar, the weakest since JISDOR's introduction.
The central bank was spotted providing dollar liquidity to
support the rupiah through state-run lenders, traders said.
In the non-deliverable forwards (NDFs) markets, the rupiah
rebounded on short-covering, indicating the Indonesian currency
may find some reprieve after the end of the month.
Still, it is likely to stay under pressure as local
companies are expected to keep buying dollars from early
December for year-end debt payments, traders said.
"I heard lots of debts maturing end of this year," said a
The rupiah may weaken to 12,150, its low of March 2009, with
the next target 12,600, its weakest since 2008, analysts said.
The baht fell as much as 0.2 percent to 32.20 per dollar,
its weakest since Sept. 11.
Thai factory output shrank more than expected in October,
adding to a string of weak data that prompted the central bank
to unexpectedly cut interest rates to support the economy as
mounting political tension dents confidence.
The Thai currency pared some of the loss as the Bank of
Thailand was suspected of buying it to limit its downside,
Prime Minister Yingluck Shinawatra breezed through a
no-confidence vote in parliament where her party holds a
commanding majority, but faced mounting pressure from escalating
The peso fell as the Philippines' annual growth cooled to
its slowest in more than a year in the third quarter, with the
economy set to take another hit from this month's powerful
The Philippine unit found some relief from expected inflows
linked to aid and year-end remittances.
"I will short dollars as long as 43.75 will hold as a
resistance," said a Philippine bank trader in Manila, referring
to dollar's exchange rate to the peso.
Still, the peso is unlikely to escape from weakness in other
Asian currencies, traders said.
"A slight bullish dollar bias should persist as regional
contagion is a stronger factor than the expected inflows,"
another trader said.
CURRENCIES VS U.S. DOLLAR
Change on the day at 0450 GMT
Currency Latest bid Previous day Pct Move
Japan yen 102.02 102.16 +0.14
Sing dlr 1.2549 1.2551 +0.02
Taiwan dlr 29.592 29.672 +0.27
Korean won 1060.90 1061.10 +0.02
Baht 32.18 32.14 -0.12
Peso 43.74 43.68 -0.13
Rupiah 11980.00 11880.00 -0.83
Rupee 62.33 62.14 -0.30
Ringgit 3.2330 3.2305 -0.08
Yuan 6.0926 6.0924 -0.00
Change so far in 2013
Currency Latest bid End prev year Pct Move
Japan yen 102.02 86.79 -14.93
Sing dlr 1.2549 1.2219 -2.63
Taiwan dlr 29.592 29.136 -1.54
Korean won 1060.90 1070.60 +0.91
Baht 32.18 30.61 -4.88
Peso 43.74 41.05 -6.14
Rupiah 11980.00 9630.00 -19.62
Rupee 62.33 54.99 -11.78
Ringgit 3.2330 3.0580 -5.41
Yuan 6.0926 6.2303 +2.26
(Additional reporting by Reuters FX Analyst Rick Lloyd; Editing
by Kim Coghill)