Platinum rises to 4-month high amid increasing demand

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Source: Bloomberg
Platinum rose to the most expensive in almost 4 month amid prospects for increasing demand as the world economy recovers while gold gained. Platinum for immediate settlement climbed 1.4% to $1,707.87 an ounce, the highest since October 9, and was at $1,703.75 at 3:16 p.m. in Singapore. Spot gold inched up 0.2% to $1,671.27 an ounce.
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Mon, 04 Feb 2013 14:02:25 GMT

Taiwan Dollar Strengthens on World Economic Recovery

The Taiwan Dollar appreciated the most in almost five months versus the U.S. counterpart on the U.S. and China's reports showed the world economic recovery accelerated, increasing demand for risky assets. According to the data the U.S. payrolls increased by 157,000 last month and services industries in China signaled the biggest gain since August. The Taiwan's Dollar strengthened 0.3% versus

Mon, 04 Feb 2013 11:22:03 GMT

Yuan falls to one-month low as central bank cuts reference rate

The Chinese Yuan fell to a one-month low as the nation's central bank cut the reference rate by 0.07% to 6.2860 per Dollar, increasing speculation policy makers protect the country's export versus a weak Yen. The Yuan declined 0.04% to 6.2294 per U.S. Dollar at 9:52 a.m. in Shanghai and touched 6.2304 per greenback, the lowest level since January 7. 

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