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Tag: 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.

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.

Australia, New Zealand Dollars Slide as Equities Touch New Lows

By Candice Zachariahs
March 6 (Bloomberg) — The Australian and New Zealand dollars fell as U.S. equities plunged and Australia’s stock benchmark headed for its lowest close in 6 1/2 years after China quelled speculation the government will add to its stimulus plan.

Australia, New Zealand Dollars Reach 1-Week Highs on China Plan

By Candice Zachariahs
March 5 (Bloomberg) — The Australian and New Zealand dollars advanced to the highest in a week on speculation China will add to $585 billion of stimulus plans, raising demand for commodities that comprise a majority of the two nations’ exports.

Indonesia Cuts Policy Rate to Boost Consumer Spending

By Aloysius Unditu and Arijit Ghosh
March 4 (Bloomberg) — Indonesia’s central bank reduced its benchmark interest rateto its lowest in almost four years, citing a “big downside risk” to its economic growth forecast.