By Kim Kyoungwha and Clarissa Batino
Dec. 23 (Bloomberg) — Asian currencies weakened, led by South Korea’s won, on concern a deepening global recession will hurt regional exports and prompt international investors to shun emerging-market assets.
Most Asian currencies fell as Taiwan reported a record slide in export orders for November and economists forecast a U.S. government [...]

By Anchalee Worrachate
Dec. 23 (Bloomberg) — The pound weakened for a second day against the euro amid speculation the Bank of England will cut interest rates at a faster pace than its euro-region counterpart to help drag the economy out of a recession.
The British currency also declined versus the dollar earlier after a report showed [...]

By Michael J. Moore
Dec. 22 (Bloomberg) — Canada’s dollar fell for a third straight day as a drop in crude oil prices made the currency less attractive to investors.
Crude oil, which accounted for 10 percent of Canada’s exports last year, declined on concern the global recession will curb demand faster than the Organization of Petroleum [...]

By Ron Harui

Dec. 23 (Bloomberg) — The dollar fell for a second day against the euro before a U.S. report today that economists estimate will show sales of new homes declined to the lowest level in more than 17 years in November.