Won gains against U.S. Dollar as confidence rises

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Source: Bloomberg
South Korean currency strengthened on Friday completing the largest advance in a week since October 18 after a report showed that local business confidence advanced and amid speculation that policymakers may curb exchange-rate appreciation. The Won gained 0.5% to 1,054.39 per U.S. Dollar in Seoul today and it has added 0.7% this week.

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Fri, 27 Dec 2013 10:22:03 GMT

Gold swing between gains and losses as Fed scales back

Gold was little changed on Friday traded near the highest level in a week and headed for a quarterly and monthly drop after the U.S. Federal Reserve trimmed its stimulus as the country's economy improved. Bullion for delivery in December gained and lost 0.3% before trading at a level of $1,213.39 an ounce as of 3:42 p.m. in Singapore.

Fri, 27 Dec 2013 10:00:03 GMT

Japan's manufacturing sector improves in November

Manufacturing sector in the Asia's second largest economy advanced at the steepest rate in more than seven years in December as output and new businesses grew strongly, a report unveiled by Markit Economics and the Japan Materials Management Association showed on Friday. Japan's purchasing managers' index (PMI) for manufacturing sector added from November's 55.1 to 55.2 in the following month.

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