Aussie and Kiwi fall versus Yen on Italian and Cyprus concerns

Source: Bloomberg
The Australian and New Zealand's currency depreciated against the Japanese Yen for the second straight day on Thursday as demand for riskier assets was spurred after banks in Cyprus reopened today and as political instability in Italy brings more concerns on markets. Aussie fell 0.5% to 98.15 yen, while the New Zealand Dollar dropped 0.3% to 78.76 yen on Thursday.

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Thu, 28 Mar 2013 14:33:07 GMT

Yuan gains amid better outlook

Deposits of the Chinese currency in Hong Kong advanced by 28 billion yuan to its new high at 652 billion yuan in February after the world's second-largest economic performance outlook improved suggesting that Yuan would appreciate. The Yuan recorded its highest level in 19 years at 6.2095 per U.S. Dollar on March 25 and it was traded at 6.2143 on

Thu, 28 Mar 2013 17:09:16 GMT

Yen rises as banks reopened in Cyprus

The Japanese currency appreciated to its strongest level in one month against the Euro as a demand for safer assets was boosted after the Cypriot banks reopened on Thursday for the first time since they were closed once the bailout plan was approved by the nation's government. The Yen climbed 0.1% to 120.55 per euro after recording the highest level

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