Asia's currencies increase amid delayed U.S. stimulus cuts

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Source: Bloomberg
Majority of currencies in Asia strengthened this week led by the Indian Rupee amid concerns that the Federal Reserve postpones its monetary stimulus cuts amid unfavourable situation in a debate for the new federal budget. India's Rupee rose 1.2% to 61.74 per U.S. Dollar at close, Taiwan's Dollar gained 1.2% to NT$29.316 at 10:37 a.m. Taipei time and the Philippine Peso advanced 0.3% to 43.208.

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Fri, 04 Oct 2013 09:41:03 GMT

German producer prices slip in August

Producer prices in the Europe's largest economy decreased year-on-year in the month of August, while economists projected prices to stay unchanged from July, the Federal Statistical Office reported on Friday. According to the report, the producer price index dropped 0.5% on an annual basis in August, whereas on a sequential basis it slipped 0.1% in the same month.

Fri, 04 Oct 2013 09:19:03 GMT

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