China's Yuan falls as PBOC cuts daily fixing

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Source: Bloomberg
Chinese currency depreciated on Monday falling for a second day as the People's Bank of China reduced its daily fixing by 0.09% to 6.2072 per U.S. Dollar, 1.06% lower than the spot rate's closing figure last week. The Yuan declined by 0.11% to 6.1487 per U.S. Dollar at 10:12 a.m. Shanghai time following a drop to 6.1307 on May 9.

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Mon, 13 May 2013 13:15:03 GMT

Won drops to 2-week low amid weak Yen

South Korea's currency decreased to the lowest level in two weeks on Monday amid concern that the Yen's fall will have a negative impact on the country's exports after the G-7 policy makers signaled acceptance of the weak Japanese currency. The Won dropped 0.5% to 1,111.78 per U.S. Dollar after it touched 1,116.68, the lowest since April 25.

Mon, 13 May 2013 12:53:04 GMT

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