Asian currencies advance on global outlook

Note: This section contains information in English only.
Source: Bloomberg
Asian currencies set for a fourth weekly advance amid optimism that the world's economy is recovering. The Baht headed for the biggest weekly gain since 2011 and fetched 29.72 per U.S. Dollar yesterday, the highest level in 17 months. India's Rupee climbed to 54.20 per greenback, a one-month high, while Taiwan's Dollar rose 0.3% this week to NT$28.94 versus the U.S. Dollar.
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Fri, 18 Jan 2013 11:25:03 GMT

China's equity advances on increased growth

The Shanghai Composite Index was higher by 1.4% to 2,317.07 points on the Asian trading session on Friday, extending the weekly gains to 3.3%. That was the largest weekly increase this year, as the domestic data showed better-than-expected economic growth in the fourth quarter. The GDP increased by 7.9% in Q4 and retail sales surged by 15.2% in December.

Fri, 18 Jan 2013 17:48:19 GMT

New Zealand consumer prices decline amid sluggish economy

New Zealand consumer prices declined last quarter, which was against economists' expectations of a 0.1% rise, on cheaper imports and sluggish economy, paving the way for the nation's central bank to extend a period of low interest rates. Consumer prices fell 0.2% from the previous quarter, when they increased 0.3%, according to Statistics New Zealand. 

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