Won drops to six-month low on government plans

Source: Bloomberg
The South Korean Won depreciated by 0.5% to 1,116.20 per U.S. Dollar in Seoul session on Wednesday. The currency reached 1,119.95 level during trading hours, which was the weakest point since 27th of September. Investors were willing to sell the Won, as the government said that it will consider measures to restrain capital flows and reduce volatility in the market, if needed.
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Wed, 20 Mar 2013 12:07:09 GMT

Euro gains on rejected levy on bank deposits

The Euro advanced by 0.1% to $1.2893 in the morning trading session in London on Wednesday. Traders were positive, as Cyprus' Parliament refused a levy on bank deposits. Also, market traded on speculation that Cyprus will have more time to find a consensus on a financial rescue plan, as the ECB committed to provide additional liquidity to the country. 

Thu, 21 Mar 2013 07:26:09 GMT

Bovespa Index declines on iron producer's loss

The Bovespa Index was lower by 1% to 56,389.48 points by midday trading session in Sao Paulo on Tuesday. The index was led by iron-ore producer Mineracao & Meralicoss SA, which posted a bigger loss than analysts estimated in a fourth quarter. Also, the index is dragged down by a weak situation in Brazilian market, as 32 of 46 companies missed earnings

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