Won drops close to a 6-month low on Cyprus news

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Source: Bloomberg
The South Korean Won depreciated by 0.5% to 1,116.01 per U.S. Dollar in morning Seoul trading session on Monday. Earlier the currency touched a 1,119.05 level, which was the highest since 27th of September. The won edged lower, as investors took away their assets from emerging markets after Cyprus announced about a levy on bank deposits, threatening to deteriorate Europe's debt crisis.
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Mon, 18 Mar 2013 08:07:07 GMT

Asian equity slips most in 8 months on a new Cyprus tax

The MSCI Asia Pacific Index was lower by 1.7% to 134.34 points in the second part of Tokyo trading session on Monday. Asian stocks were ahead for the biggest drop in eight months, as Cyprus introduced an unprecedented levy on domestic bank deposits threatening to pull back Europe into a recession. Also, China increased down-payment requirements and interest rates for second mortgage, as

Mon, 18 Mar 2013 07:01:08 GMT

Australian Dollar depreciates as Cyprus depresses sentiments

The Australian Dollar, also known as the Aussie, dropped by 0.5% to $1.0358 in the end of Sydney trading session on Monday. The Aussie erased two-day gains, as Cyprus increased concern that a new round of debt crisis in Europe will reduce demand for higher risk assets. Cypriot President ordered to take 5.8 billion Euros, a part of every bank

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