Won gains as current account surplus widens and consumer confidence at 9-month high

Source: Bloomberg
The Korean Won rose for the first time this week as the nation's current-account surplus expanded to $2.25 billion in January from $2.14 billion a month earlier and consumer confidence reached the highest level since May 2012. The Won gained 0.1% to 1,086.45 versus the U.S. Dollar at 10:24 a.m. in Seoul. One-month implied volatility fell 0.07 percentage point to 7.38%.
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Wed, 27 Feb 2013 09:24:15 GMT

Yuan rises as Bernanke defends QE

The Chinese Yuan strengthened for a fourth straight day as the Fed Chairman Ben S. Bernanke defended the bank's highly accommodative monetary policy that increases supply of U.S. Dollars, boosting demand for emerging-market assets. The currency rose 0.04% to 6.2272 per greenback at 9:56 a.m. in Shanghai. It fetched 6.2269 earlier, the highest level since February 8.

Wed, 27 Feb 2013 08:53:55 GMT

Aussie stays lower amid Italy's election deadlock

The Australian Dollar stayed lower amid concern Italy's election deadlock will worsen the Eurozone's debt crisis, sapping investors' appetite for higher-yielding assets. The Aussie fell 0.1% to $1.0216 as of 4:15 p.m. in Sydney from a day earlier, when it traded at $1.0201, the weakest level since October 10. The currency slid 0.4% to 93.71 yen.

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