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Upcoming U.S. economic data keeps USD steady

TOKYO -- The dollar was steady in Asia Wednesday as traders looked ahead to upcoming U.S. economic data, while keeping a close watch on Europe's public debt woes.

The euro was almost flat at 1.3599 dollars in Tokyo afternoon trade, compared with 1.3598 in New York late Tuesday, and at 122.49 yen against 122.35. The dollar edged up to 90.07 yen from 89.96.

Against other Asian currencies, the dollar fell to 1,131.10 South Korean won from 1,134.67 a day earlier, to 1.3977 Singapore dollars from 1.4008 and to 32.69 Thai baht from 32.73. It also slipped to 9,175 Indonesian rupiah from 9,198, to 31.74 Taiwan dollars from 31.85 and to 45.63 Philippine pesos from 45.75.

"Trade is subdued going into the end of the fiscal year" in Japan this month, said Yuji Saito, a forex dealer at Credit Agricole.

Markets were waiting for U.S. figures on trade and weekly jobless claims that are scheduled to be released on Thursday.

China said Wednesday its exports soared for the third straight month in February and at their fastest pace in three years, but the data had little impact on the major currencies.

Markets continued to focus on Greece and the risk that its public debt problems might spread to Portugal and other European nations.

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