Skip to content

ya sudah lah: korean$, PL1$ dah … 241110

November 24, 2010

Asian currencies rose for the first time in four days, rebounding after an exchange of artillery fire between North and South Korea yesterday triggered losses.

The Asia Dollar Index, which tracks Asia’s 10 most-used currencies excluding the yen, rose 0.3 percent as of 11:19 a.m. in Hong Kong, having yesterday closed at an eight-week low. South Korea’s won dropped more than 3 percent today before recovering the bulk of its slide after the government pledged to stabilize financial markets.

Asian currencies were rattled a bit by the incident between the North and South Korea,” said Brian Jackson, an emerging-market strategist at Royal Bank of Canada in Hong Kong. “It does seem that there was a bit of a knee-jerk reaction and now people think the situation may not be as bad.”

The won declined 1 percent to 1,149.05 per dollar as of 12:24 p.m. in Seoul, according to data compiled by Bloomberg. It earlier touched 1,172.50, the weakest level since Sept. 9. Malaysia’s ringgit rose 0.2 percent to 3.132, following a 1.1 percent slide yesterday, and the Thai baht gained 0.1 percent. Taiwan’s dollar climbed 1.1 percent to NT$30.48.

Elsewhere, the Philippine peso gained 0.1 percent to 44.165 versus the greenback and Indonesia’s rupiah was little changed at 8,978. Singapore’s dollar slid 0.2 percent to S$1.3115.

Sumber : BLOOMBERG.COM
The dollar and the yen fell for the first time in three days against the euro as Asian stocks pared losses and the United Nations Command called for talks with North Korea over its shelling of a South Korean island.

Europe’s currency strengthened versus 10 of its 16 major counterparts as some analysts said the downgrade of Ireland’s debt rating by Standard & Poor’s was less than expected. The euro rose from a two-month low against the dollar as technical indicators showed the common currency’s decline yesterday was too rapid. Australia’s dollar rebounded from its steepest drop this month on prospects the nation’s growth will weather Ireland’s debt crisis and tensions on the Korean peninsula.

The dollar declined to $1.3402 per euro as of 12:27 p.m. in Tokyo from $1.3367 in New York yesterday, when it rose 2 percent, the most since Aug. 11. The U.S. currency was at 83.22 yen from 83.16 yen. The yen fell to 111.55 per euro from 111.16.

The MSCI Asia Pacific Index of shares trimmed its loss to 0.4 percent after earlier dropping as much as 1.3 percent.

Sumber : BLOOMBERG.COM

Advertisements

From → Global neh

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: