Won remain stronger among Asian currencies as Yen rises ahead of G20 meeting

Source: Bloomberg
The South Korean Won remained stronger this week among Asian currencies on speculation the region's leaders will opt out reining in foreign exchange rates as Japan's Yen rose ahead of G20 meeting. The Won gained as much as 1.7% this week to 1,077.80 per greenback, while Philippine's Peso and Malaysia's Ringgit climbed 0.2% and 0.1% respectively.
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Fri, 15 Feb 2013 09:20:27 GMT

Silver slumped after disappointing Eurozone's data

Precious metals ended Thursday's session in the red territory amid concerns over deepening recession in the Eurozone. The data showed the Eurozone's GDP contracted 0.6% in Q4 of 2012, compared to a forecast of a 0.4% decline. At the same time, signs of strong physical demand limited losses of the commodity sector. Gold dropped after the latest data from the World

Fri, 15 Feb 2013 08:25:09 GMT

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The Japanese Yen strengthened before the G20 meeting and amid speculation who will be chosen as the BOJ Governor, with Toshiro Muto being the leading candidate. The Yen climbed as much as 0.6% to 92.31 per U.S Dollar at 1:40 p.m. Tokyo time after rising 0.6% a day earlier. The currency climbed 0.7% to 123.30 against the Euro. 

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