Asian currencies head for a gain on ECB bond-buying plan

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Source: Bloomberg
Asian currencies headed for a third-weekly gain as the ECB announced its bond-buying programme to tame the Eurozone's debt crisis, boosting rally in global equities. The Korean Won fetched a 3-week high as Fitch Ratings increased the country's credit rating to AA- yesterday. The Chinese Yuan set for a sixth week advance on speculation the nation's government will increase spending on railways and roads. 
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Fri, 07 Sep 2012 08:52:33 GMT

Loonie advances on job growth data and ECB bond purchases

The Canadian Dollar advanced to more than 4-month high against the U.S. counterpart on data that might show North American employment growth is accelerating and following the ECB's bond-buying plan announced yesterday. The Loonie gained 0.8% to 98.27 cents per greenback. It fetched 98.09, the highest since April.  

Fri, 07 Sep 2012 06:54:35 GMT

Yen, Dollar stay lower after ECB's bond-buying plan announcement

The U.S Dollar and Japanese Yen stayed lower following a yesterday decline versus most of their major peers after the ECB announced its new bond-buying scheme, which weakened demand for safe haven assets and boosted equities. The Dollar remained lower versus higher-yielding peers before the monthly jobs report release. The greenback fetched $1.2636 per Euro. The Yen was at 99.76

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