Asian stocks advanced on South Korea rate cut, while Euro decreases

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Source: Reuters
An unexpected rate cut by South Korea's central bank pushed Asian stocks to the new highs. Therefore, the Korean Kospi rebounded, but then dropped 0.5%. Japan's Nikkei 225 soared 1.4% showing a new 15-year record. Meanwhile, the Euro plunged to new 12-year record lows, on the ECB decision to start bond-buying programme.
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Fri, 13 Mar 2015 13:25:06 GMT

Won leads weekly drop in Asian currencies amid Fed rates outlook

Asian currencies depreciated about for a second week, led by the Indonesia's Rupiah and South Korea's Won, on speculation the Fed is likely to increase its interest rates in late June. The Won fell 2.7% this week, setting the biggest drop since 2011, along with the Rupiah that slumped 1.7%, touching to its seven-month low.

Thu, 12 Mar 2015 13:40:06 GMT

Euro plumbed new 12-year records

The single European currency has fallen to its lowest level versus the Dollar in 12 years, after the ECB announced the start of the new government bond buying programme. The Euro dropped around $1.0505, posting the lowest level since March 2003. Moreover, a continues slide, could heat up a possible equality to the Greenback. The last similar scenario was noted

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