Asian currencies head for the biggest weekly advance

Note: This section contains information in English only.
Source: Bloomberg
Asian currencies were set for the biggest weekly advance since June as the Fed Chairman Ben Bernanke unveiled a third round of quantitative easing. Thailand's Baht and Malaysia's Ringgit fetched the highest levels in 4 months as Asian stocks set for the best performance this year. This week the Ringgit advanced 1.8% to 3.0520 per U.S. Dollar, while the Baht strengthened 1.2% to 30.84.    
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Fri, 14 Sep 2012 07:06:52 GMT

S&P upgraded South Korea's credit rating

One of the leading credit rating agency Standart & Poor's increased its long-term credit rating on South Korea. Agency changed rating to A+/AA from A/A+, also increasing county's outlook to stable. According S&P's representatives, new rating reflects reduced political or military confrontation risk in the Korean peninsula after leadership has changed in North Korea.

Fri, 14 Sep 2012 08:10:52 GMT

Greenback falls on Bernanke's plan

The U.S. Dollar dropped to the lowest level in four months versus the Euro amid the Fed Chairman Ben Bernanke's plan to launch open-ended monetary easing, which tends to debase the greenback. The Dollar fell to $1.3034 per Euro, the weakest level since May. During this week the Dollar has lost 1.6% versus the Euro and 0.8% versus the Japanese

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