China's Yuan forwards trade close to one-week low

Source: Bloomberg
The Chinese currency forwards traded near its lowest level in a one week on rising political tension after the world's largest economy revealed new defensive emergency measures over disputed islands with Japan. 12-month non-deliverable forwards fluctuated at 6.1535 per U.S. Dollar by 10:05 a.m. Hong Kong time following a touch of the lowest level since November 19 at 6.1560 yesterday.

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Tue, 26 Nov 2013 11:13:03 GMT

Rupiah falls as country misses its fundraising target

The Indonesian currency decreased on Tuesday falling to the lowest level since March 2009 after the country raised $190 million by selling U.S. Dollar-denominated bonds, short of $450 million target on speculation that the Federal Reserve may cut stimulus soon.  The Rupiah slid 0.4% to 11,783 per U.S. Dollar by 10:02 a.m. Jakarta time, the least in almost 5 years.

Tue, 26 Nov 2013 10:51:05 GMT

Strong Euro may weaken economic growth in Eurozone: Nomura Holdings

The Euro has recorded the second-best performance so far this year among the most-traded currencies raising concerns that the increase may weighed on the euro-area economic growth in 2014, Nomura Holdings Inc.'s Jens Nordvig claimed on Tuesday. The 17-nation bloc currency has advanced 2.4% against the U.S. Dollar on an annual basis, the most after Danish Krone.

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