Won drops to lowest level in 7 weeks amid Fed Risk; Bond Yields at highest level in 3 months

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Source: Bloomberg
The South Korean currency reached the weakest level in seven weeks and government bonds slipped amid speculation the Fed will snap debt purchases, which have risen demand for emerging-market assets. Yields rose to a three-month high. The yield on South Korea's 2.75% government bonds that mature in March 2018 climbed to 2.85%. The Won slipped 0.5% to 1,132.92 against the Dollar.
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Wed, 29 May 2013 14:26:03 GMT

US Stocks decrease on Fed alleviating concern

US shares dropped, showing that the Dow Jones Industrial Average will drop from a record, on concern that the Fed may start to diminish its debt-buying Policy. Standard & Poor's 500 Index futures maturing  next month fell 0.6% to 1,644.7, ahead of the five-year US Government note auction. The Dow delivery slipped 0.6% to 15,288.8.

Wed, 29 May 2013 11:03:15 GMT

Japanese currency rises after Kuroda's remarks; Aussie slips

The Japanese Yen appreciated versus the greenback and the shared currency as the Bank of Japan Governor Haruhiko Kuroda stated that the financial system's stability is essential, while the Aussie slipped. The Japan's currency appreciated 0.2% to 102.17 per Dollar at 7:57 a.m. in London and also strengthened 0.2% to 131.35 per Euro. The Australian currency fell 0.7% to 95.50

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