Won trades close to the lowest in 6 months on Europe debt woes and bonds climb

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Source: Bloomberg
South Korea's Won traded near the lowest in six months after doubts that Europe's debt crisis would extend was countered by the Fed indicating signs of further bond- buying program, meanwhile, government bonds climbed. The Won was at 1,115.97 per greenback, after touching 1,119.95 yesterday, the weakest since September. 

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Thu, 21 Mar 2013 15:50:06 GMT

Pound rises against U.S. Dollar amid retail sales improvement

The British Sterling advanced to its highest level in three weeks versus the U.S. Dollar after an improvement in February retail sales, it also rose against the Euro amid weaker demand for the shared currency after the German manufacturing contracted. The Pound added 0.6% to $1.5185 after hitting it three-week high at $1.5204, while it gained 0.8% to 84.97 pence

Thu, 21 Mar 2013 15:39:07 GMT

Spanish and Italian bonds rise amid weak Eurozone's output data

Spanish and Italian government bonds increased for a second session in a row on Thursday amid speculation that the Europeans Central Bank may stimulate the 17-nation bloc's weak economy after unfavorable Eurozone's output data. Italy's 10-year yields dropped 0.06 percentage points to 4.57% earlier on Thursday London session and the Spanish 10-year yields fell 10 basis points to 4.88%.

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