Yuan declines on concern Fed will wind down stimulus

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Source: Bloomberg
The Chinese Yuan fell toward the lowest level in two months amid concern the U.S. will wind down its asset purchase scheme. The Yuan declined 0.09% to 6.2433 per U.S. Dollar at 10:04 in Shanghai. The currency fetched 6.2454 on February 19, the weakest level since December 14. Divergence of spot prices is accepted within 1% range from the reference rate.  
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Thu, 21 Feb 2013 10:26:03 GMT

Won halts 2-day rally on speculation Fed may end its asset purchases

The South Korean Won halted its two-day rally amid speculation the Fed may opt out expanding monetary easing to prop up economic growth in the U.S, Korea's second-biggest export partner. The currency fell 0.5% to 1,083.80 per greenback at 10:38 a.m. in Seoul, with one-month volatility climbing 7 basis points to 6.82%.

Thu, 21 Feb 2013 10:04:04 GMT

Aussie falls as Asian shares declined

Australia's Dollar fell, after the biggest one-day decline in a month yesterday, as Asian shares plummeted, curtailing demand for risky assets. The Aussie lost 0.2% to $1.0233 at 4:46 p.m. in Sydney after sliding 1% to $1.0256 yesterday. The currency bought 65.62 yen from 95.97 in New York. Australia's 10-year yield fell 0.05 percentage point to 3.54%.

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