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March 2010
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Tag: Forex Trading

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.

Bank Indonesia Will Stay in Currency Market to Boost Confidence

By Shamim Adam
March 5 (Bloomberg) — Bank Indonesia will remain in the currency market to boost confidence in the rupiah, Deputy Governor Hartadi Sarwono said.

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.