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March 2010
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Tag: Asian Currencies

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.

Korea Won Rises, Reversing Loss, on Exporter Deals; Bonds Gain

By Kim Kyoungwha
March 6 (Bloomberg) — South Korea’s won advanced, reversing a decline, on speculation the currency’s slump to the lowest level in 11 years encouraged exporters to convert their foreign exchange. Bonds rose.

Asian Currencies: Won, Taiwan Dollar Advance on China Plans

By Lilian Karunungan and Patricia Lui
March 5 (Bloomberg) — South Korea’s won and Taiwan’s dollar led gains in Asian currencies as speculation China may unveil new plans to revive growth helped push up global equities.

Asian Currencies: Ringgit, Singapore Dollar Drop on Slowdown

By Lilian Karunungan and David Yong
March 4 (Bloomberg) — Malaysia’s ringgit traded near the weakest in three years and the Singapore dollar approached a two- year low on concern that a prolonged recession will undermine the region’s export-led economies.

South Korea Won Weakens, Approaching 1,600, as Stocks Tumble

By Kim Kyoungwha
March 3 (Bloomberg) — South Korea’s won fell for a fourth day, approaching the lowest in 11 years, as a tumble in the benchmark Kospi index below the 1,000 mark rocked investor confidence in the nation’s assets.

Asian Currencies Drop, Led by Won, Rupiah, on Recession Concern

By Lilian Karunungan
March 2 (Bloomberg) — The South Korean won and the Indonesian rupiah led declines in Asian currencies on concern the global recession is worsening, deterring investors from buying emerging-market assets.