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Archive for March, 2009

Asian Currencies Gain, Led by Won, Taiwan Dollar as Stocks Rise

By Kim Kyoungwha
March 10 (Bloomberg) — Asian currencies strengthened, led by South Korea’s won and the Taiwan dollar, as stock gains helped draw funds to emerging markets.

Australian Dollar Rises From One-Week Low; N.Z. Dollar Declines

By Candice Zachariahs
March 10 (Bloomberg) — Australia’s dollar rose after touching a one-week low as rising domestic stocks revived demand for the currency. New Zealand’s dollar fell.

Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says

By Judy Chen
March 10 (Bloomberg) — China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, saidWang Jian, a researcher affiliated with the nation’s top planning agency.

Yen Drops for Third Day on Concern Japan’s Economy Is Worsening

By Yasuhiko Seki and Ron Harui
March 10 (Bloomberg) — The yen fell for a third day against the euro before government reports that analysts say will show Japan’s recession is deepening, reducing the appeal of the currency.

Malaysian Exports Post Biggest Drop in 15 Years as Demand Ebbs

By Shamim Adam and Michael Munoz
March 6 (Bloomberg) — Malaysia’s exports fell the most in 15 years in January as the Asian economic slowdown worsened amid slumping global demand for electronics and commodities.

China to Keep Yuan Stable, Policy ‘Moderately Loose’ (Update1)

By Li Yanping
March 6 (Bloomberg) — China’s central bank reiterated a “moderately-loose” monetary policy for this year and said it would keep the yuan basically stable.