Asian currencies rise on U.S. retail sales data

Note: This section contains information in English only.
Source: Bloomberg
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 climbed 0.1% to 3.0585.
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Tue, 16 Oct 2012 08:30:20 GMT

RBA goes for accommodative policy

Reserve Bank of Australia's policy makers decided that the central bank's monetary policy needs to become more accommodative, RBA's October meeting minutes showed on Tuesday. The bank mentioned that the pace of domestic expansion may be slower than original estimates, adding signs to global growth slowdown. At the meeting, the monetary policy board cut the cash rate by 25 basis

Tue, 16 Oct 2012 08:19:21 GMT

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