Won drops to 3-week low amid intervention concerns

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Source: Bloomberg
© Scanpix/RS
The South Korean Won declined to the lowest level in three weeks on Wednesday amid speculation that the country's lawmakers may weaken the currency in order to protect exporters as the Japanese Yen fell to the weakest level since October 2008. The Won slipped 0.8% to 1,114.76 per U.S. Dollar in Seoul after it touched 1,115.23 earlier on the session, the lowest since April 25.

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Wed, 15 May 2013 11:15:04 GMT

Aussie trades near 11-month low as premium shrinks

The Australian Dollar was traded close to its lowest level in eleven months on Wednesday after the premium investors get by holding the nation's bonds instead of similar-maturity U.S debt shrank to the lowest level since June 2012. The so-called Aussie was little changed at 98.87 U.S. cents at 4:10 p.m. Sydney time following a fall to 98.77 yesterday, the

Wed, 15 May 2013 10:42:05 GMT

Pound little changed before BoE report

The British Sterling snapped a four-day decrease against the U.S. Dollar before the Bank of England released its quarterly report tracking the level of inflation in the country and as unemployment report is forecast to show a decline in March-April period. The Pound was traded at $1.5211 at 7:44 a.m. in London falling to $1.5207 yesterday, the lowest level since

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