Won strengthens on U.S. budget deal optimism

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Source: Bloomberg
© Scanpix/AP
The South Korean Won strengthened, while government bonds declined on increasing speculation the U.S. economy will prevent the fiscal cliff. The Won gained 0.1% to 1,084.80 per greenback at 10:05 a.m. in Seoul, after losing 0.2% yesterday. One-month volatility fell 8 basis points, or 0.08 percentage point, to 5.25%. 
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Thu, 29 Nov 2012 08:27:18 GMT

Aussie trades near 2-month high on U.S. budget deal optimism

The Australian Dollar approached the highest level in two months as equities recovered globally amid speculation the U.S. will prevent the fiscal cliff, spurring demand for risky assets. The Aussie traded at $1.0472 at 4:52 p.m. in Sydney from yesterday, when the currency rose 0.3%. It fetched $1.0490 on November 27, the strongest level since September 21. The Aussie was

Thu, 29 Nov 2012 08:05:21 GMT

Greenback stays lower ahead of T. Geither's meeting with congressional leaders

The greenback traded 0.5% from the lowest level this month against the Euro ahead of Treasury Secretary Timothy F. Geithner's meeting with congressional leaders to discuss the fiscal cliff. The U.S. Dollar was at $1.2946 per Euro at 6.33 a.m. in London from $1.2953 in New York yesterday. It fetched $1.3009 on November 27, the lowest level since October 31. 

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