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March 2010
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Tag: Forex Market

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.

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.