Tue, 16 Oct 2012 07:58:19 GMT
Asian currencies rise on U.S. retail sales data
Asian currencies advanced as U.S. retail sales data surpassed economists' expectations, thus supporting demand for higher-yielding currencies. Advanced retail sales in the U.S. increased 1.1% last month, while economists anticipated a 0.8% gain. South Korea's Won rose 0.3% to 1,107.13 per U.S. Dollar and the Philippine Peso gained 0.2% to 41.397. India's Rupee advanced 0.2% to 52.9126 and Malaysia's Ringgit