Rupee set for the biggest gain in Asia this week

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Source: Bloomberg
The Rupee appreciated 0.8% in last week to 54.445 against the U.S. Dollar and this was the biggest gain since 1st of February and the best weekly performance in Asia. The Indian currency increased due to improving economic data in the U.S., what accelerated a rally in equity markets and capital inflows in emerging markets.
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Fri, 08 Mar 2013 09:25:05 GMT

Australian Dollar depreciates on worse than expected data from China

The Australian Dollar lost 0.2% and was traded at $1.0242 in the end of Sydney session on Friday. The currency was pushed down by China's imports data, which indicated a bigger contraction than market consensus was. China's statistics department announced that import contracted by 15.2% in February, after a 28.8% expansion in January.

Fri, 08 Mar 2013 08:32:07 GMT

U.S. Dollar sharply appreciates versus Yen on American labor market data

The U.S. Dollar rose 0.6% to 95.43 against the Yen by midday trading session in Tokyo on Friday, after reaching 95.45 level, which is the highest since August 2009. The Japanese Yen has already dropped 1.9% against the Dollar in March, mainly due to data from Japan, which had a current account deficit for a third straight month. Demand for the U.S. Dollar

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